SMM Daily Review - 2012/2/21 Tin Market

SHANGHAI, Feb. 22 (SMM) – Mainstream spot tin prices were hardly changed between RMB 171,500-176,000/mt in Shanghai on Tuesday. Nanshan, Jinlong and Kaiyuan branded tin traded between RMB 171,500-172,000/mt. Goods quoted between RMB 170,500-171,000/mt were supplied by Jiangxi sellers to promote deals and were quickly consumed. Yunshan and Yunxiang branded tin traded between RMB 173,000-174,500/mt. Yunxi and Yunheng branded tin traded between RMB 175,000-176,000/mt. Purchases at lower prices increased after European finance ministers agreed on the second Greek bailout. Whether such deals can continue, however, is still uncertain given weak demand.