SMM Daily Review - 2012/2/7 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/2/7 Tin Market

SMM Insight 08:31:48AM Feb 08, 2012 Source:SMM

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.

 

Key Words:  tin price   spot tin   smelter   downstream   bubble 

Price

more
Aluminum Ingot
Apr.19
14050.0
40.0
(0.29%)
Alumina (Averaged)
Apr.19
2665.0
0.0
(0.00%)
Alumina-East
Apr.19
2680.0
0.0
(0.00%)
Alumina -Central
Apr.19
2670.0
0.0
(0.00%)
Alumina - North
Apr.19
2660.0
0.0
(0.00%)

SMM Daily Review - 2012/2/7 Tin Market

SMM Insight 08:31:48AM Feb 08, 2012 Source:SMM

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.

 

Key Words:  tin price   spot tin   smelter   downstream   bubble