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SMM Daily Review - 2012/2/23 Tin Market

iconFeb 24, 2012 08:41
Source:SMM
Mainstream traded prices of spot tin narrowed further to RMB 172,000-175,000/mt, showing signs of stability.

SHANGHAI, Feb. 24 (SMM) – Mainstream traded prices of spot tin narrowed further to RMB 172,000-175,000/mt on Thursday as a sign of stability. Nanshan, Jinlong and Kaiyuan branded ingots mostly traded between RMB 171,800-172,000/mt. Yunshan and Yunxiang ingots struck deals between RMB 173,000-173,500/mt while Yunxi and Yunheng concluded deals between RMB 174,000-175,000/mt. Stable LME tin prices plus high raw materials prices were the backer of stable domestic tin prices.  The overall traded volume was light though, due to staying weak downstream demand.

tin price
tin Sn
spot tin
stability
LME tin
raw materials

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