SMM Daily Review - 2012/2/14 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/2/14 Tin Market

SMM Insight 08:42:09AM Feb 15, 2012 Source:SMM

SHANGHAI, Feb. 15 (SMM) – Spot tin prices dropped further to RMB 175,000-180,000/mt in Shanghai on Tuesday, with the low-end slipping by nearly RMB 2,000/mt, after Moody’s cast more downgrades for European countries and due to weak demand and losses in LME tin prices. Goods holders’ selling interest was strong but buying interest was weak at downstream buyers who mostly have been consuming stocks prepared ahead of Chinese New Year. In addition, low operating rates at downstream means consuming of existing stocks will last. A strong wait-and-see attitude was present in the market. Mainstream tin brands of the day were Yunxi, Nanshan and Jinlong and the traded volume stayed light.

Key Words:  tin price   tin Sn   LME tin   spot tin   Shanghai 

Price

more
1# Zinc
Apr.19
21820.0
-40.0
(-0.18%)
0# Zinc
Apr.19
21890.0
-40.0
(-0.18%)
T/C for domestic zinc concentrate
Apr.01
6350.0
200.0
(3.25%)
T/C for imported zinc concentrate
Apr.01
240.0
5.0
(2.13%)
Zinc Alloy (Zamak3/ZX01)
Apr.19
22790.0
-40.0
(-0.18%)

SMM Daily Review - 2012/2/14 Tin Market

SMM Insight 08:42:09AM Feb 15, 2012 Source:SMM

SHANGHAI, Feb. 15 (SMM) – Spot tin prices dropped further to RMB 175,000-180,000/mt in Shanghai on Tuesday, with the low-end slipping by nearly RMB 2,000/mt, after Moody’s cast more downgrades for European countries and due to weak demand and losses in LME tin prices. Goods holders’ selling interest was strong but buying interest was weak at downstream buyers who mostly have been consuming stocks prepared ahead of Chinese New Year. In addition, low operating rates at downstream means consuming of existing stocks will last. A strong wait-and-see attitude was present in the market. Mainstream tin brands of the day were Yunxi, Nanshan and Jinlong and the traded volume stayed light.

Key Words:  tin price   tin Sn   LME tin   spot tin   Shanghai