SMM Daily Review - 2012/2/24 Tin Market

SHANGHAI, Feb. 27 (SMM) – Spot tin was traded between RMB 172,500-175,500/mt in Shanghai last Friday, with the low end climbing a little bit and the high end staying unchanged. Nanshan, Kaiyuan and Jinlong branded ingots struck deals between RMB 172,500-173,000/mt. Goods holders lifted quotations to RMB 173,000/mt in the afternoon following active trading at RMB 172,500/mt in the morning. Yunshan and Yunxiang branded ingots mostly were traded between RMB 173,000-173,500/mt. Traded prices of Yunxi and Yunheng branded ingots were between RMB 174,000-175,500/mt. Deals were only slightly active at the low end price. Tin supply dropped as smelters withheld goods when prices were low.