SMM Daily Review - 2012/2/29 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/2/29 Tin Market

SMM Insight 08:42:02AM Mar 01, 2012 Source:SMM

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.

Key Words:  tin price   tin Sn   spot tin   Shanghai 

Price

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SMM #1 Nickel
Apr.19
100750.0
-850.0
(-0.84%)
#1 JinChuan Nickel
Apr.19
101550.0
-675.0
(-0.66%)
#1 Import Nickel
Apr.19
99950.0
-1025.0
(-1.02%)
JinChuan B&C
Apr.19
2500.0
300.0
(13.64%)
Russian nickel premium
Apr.19
875.0
-75.0
(-7.89%)

SMM Daily Review - 2012/2/29 Tin Market

SMM Insight 08:42:02AM Mar 01, 2012 Source:SMM

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.

Key Words:  tin price   tin Sn   spot tin   Shanghai