SMM Daily Review - 2012/2/22 Tin Market

SHANGHAI, Feb. 23 (SMM) – Spot tin traded mainly between RMB 171,500-175,500/mt in Shanghai on Wednesday while the traded volume stayed light. Nanshan, Jinlong and Kaiyuan branded ingots mostly traded between RMB 171,500-172,000/mt. Yunshan and Yunxiang struck deals mainly between RMB 173,000-173,500/mt. Yunxi and Yunheng branded ingots contributed the majority of deals at the higher RMB 174,000-175,000/mt band. Supplies below RMB 171,500/mt were hardly seen, damping buying interest of cheaper goods hunters.