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Home / Metal News / SMM Daily Review - 2012/2/7 Tin Market

SMM Daily Review - 2012/2/7 Tin Market

Feb 8, 2012 08:31

Source:SMM

The wait-and-see sentiment turned even stronger at downstream businesses after spot tin prices dropped for two consecutive days.

SHANGHAI, Feb. 8 (SMM) – The wait-and-see sentiment turned even stronger at downstream businesses after spot tin prices dropped for two consecutive days. Traders’ buying interest also froze worrying slow sales. Though several smelters wanted to move goods, no inquiries were seen. Prices of Nanshan, Feidie and Yunhen branded tin for which deals were hardly struck dropped from RMB 179,500-182,500/mt in the morning to RMB 178,000-181,500/mt in the afternoon. The near term market is believed to be a bubble breaking period.

tin price

spot tin

smelter

downstream

bubble

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