SMM Daily Review - 2012/2/23 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/2/23 Tin Market

SMM Insight 08:41:55AM Feb 24, 2012 Source:SMM

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.

Price

more
#1 Lead
Apr.19
16550.0
50.0
(0.30%)
T/C for domestic lead concentrate
Apr.01
1850.0
0.0
(0.00%)
T/C for imported lead concentrate
Apr.01
27.5
0.0
(0.00%)
#2 Lead
Apr.19
16500.0
50.0
(0.30%)
Secondary Lead
Apr.19
16100.0
50.0
(0.31%)

SMM Daily Review - 2012/2/23 Tin Market

SMM Insight 08:41:55AM Feb 24, 2012 Source:SMM

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.