SMM Daily Review - 2012/2/2 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/2/2 Tin Market

SMM Insight 09:12:03AM Feb 03, 2012 Source:SMM

SHANGHAI, Feb. 3 (SMM) – Tin prices dropped further in the Shanghai market on Thursday, with Feidie and Jinlong branded tin trading mainly between RMB 183,000-184,000/mt while Yunxi and Yunheng branded tin striking deals mostly between RMB 184,000-185,000/mt. The overall trading volume stayed light as many downstream businesses already stocked up before the Chinese New Year and by virtue of relatively big gains in tin prices. The metal saw losses during the day as a result of weak demand even supply stayed tight.

Price

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#1 Tin Ingot
Apr.22
146750.0
0.0
(0.00%)
Tin Concentrate-Yunnan
Apr.22
131500.0
0.0
(0.00%)
Tin Concentrate -Hunan
Apr.22
134750.0
0.0
(0.00%)
Tin Concentrate-Jiangxi
Apr.22
134750.0
0.0
(0.00%)
Tin Concentrate-Guangxi
Apr.22
134750.0
0.0
(0.00%)

SMM Daily Review - 2012/2/2 Tin Market

SMM Insight 09:12:03AM Feb 03, 2012 Source:SMM

SHANGHAI, Feb. 3 (SMM) – Tin prices dropped further in the Shanghai market on Thursday, with Feidie and Jinlong branded tin trading mainly between RMB 183,000-184,000/mt while Yunxi and Yunheng branded tin striking deals mostly between RMB 184,000-185,000/mt. The overall trading volume stayed light as many downstream businesses already stocked up before the Chinese New Year and by virtue of relatively big gains in tin prices. The metal saw losses during the day as a result of weak demand even supply stayed tight.