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Home / Metal News / SMM Daily Review - 2012/2/29 Tin Market

SMM Daily Review - 2012/2/29 Tin Market

Mar 1, 2012 08:42

Spot tin prices narrowed further to RMB 174,000-175,000/mt in Shanghai on Wednesday while trading stayed light.

SHANGHAI, Mar. 1 (SMM) – Spot tin prices narrowed further to RMB 174,000-175,000/mt in Shanghai on Wednesday while trading stayed light. Yunnan tin brands dominated the market while Jiangxi brands were hardly seen. Yunxiang and Yunshan branded ingots struck deals between RMB 174,000-174,500/mt and Yunxi and Yunheng concluded transactions between RMB 174,500-175,000/mt. Though downstream demand stays weak, market supply is on the decrease. That is due to smelters’ lower selling interest caused by stagnation of the high end price. Light trading is still the predominant scene during recent days.

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