Metals News
SMM Daily Review - 2012/2/27 Tin Market
smm insight

SHANGHAI, Feb. 28 (SMM) – Spot tin traded mainly between RMB 173,000-175,000/mt in Shanghai on Monday. Trading was slightly active at the low end but quiet at the high end. Kaiyuan branded ingots due to arrive today were traded RMB 172,800-173,000/mt. Jinhai, Yunshan and Yunxiang struck deals between RMB 173,000-174,000/mt while Yunxi and Yunheng concluded transactions between RMB 174,000-175,000/mt. While the low end climbed further following previous climbs to RMB 173,000/mt, buying interest downstream was low.

In an SMM survey on this week’s tin prices, 50% market players covered expect stability, citing stability in LME tin prices, low selling interest at low prices and weak downstream demand. 30% respondents said the metal face downside risks due to strong resistance at USD 24,000-24,200/mt for LME tin, weak demand and a possible injection of lower-priced goods by Jiangxi smelters. Remaining 20% respondents expressed optimism which is based on stability in LME tin prices, stock replenishing demand as well as limited supply.

tin price
tin Sn
spot tin
LME tin
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data