SMM Daily Review – 2012/1/31 Tin Market-Shanghai Metals Market

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SMM Daily Review – 2012/1/31 Tin Market

SMM Insight 09:16:51AM Feb 01, 2012 Source:SMM

SHANGHAI, Feb. 1 (SMM) – Domestic tin smelters have been delaying goods movements as some raw material suppliers were still in vocation, leading to a strong wait-and-see sentiment in the Shanghai tin market. Goods holders were continually lifting quotations despite of light trading volumes. Tight supply had left downstream businesses little alternative. More tin brands were seen during the day’s trading but deals were quite limited. Jinlong, Feidie, Yunheng, Yunshan and Yunxi branded tin traded between RMB 184,000-185,500/mt.

Price

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Gold(99.99%)
Apr.22
280.3
0.8
(0.30%)
Gold(99.95%)
Apr.22
280.1
0.7
(0.23%)
#1 Silver(99.99%)
Apr.22
3514.0
3.0
(0.09%)
Silver(99.95%)
Apr.22
3499.0
3.0
(0.09%)
Silver(99.90%)
Apr.22
3484.0
3.0
(0.09%)

SMM Daily Review – 2012/1/31 Tin Market

SMM Insight 09:16:51AM Feb 01, 2012 Source:SMM

SHANGHAI, Feb. 1 (SMM) – Domestic tin smelters have been delaying goods movements as some raw material suppliers were still in vocation, leading to a strong wait-and-see sentiment in the Shanghai tin market. Goods holders were continually lifting quotations despite of light trading volumes. Tight supply had left downstream businesses little alternative. More tin brands were seen during the day’s trading but deals were quite limited. Jinlong, Feidie, Yunheng, Yunshan and Yunxi branded tin traded between RMB 184,000-185,500/mt.