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SMM Daily Review - 2012/3/7 Tin Market
Mar 8,2012 08:35
CSTsmm insight
Source:SMM
Spot tin prices dropped further to RMB 169,500-171,000/mt in Shanghai on Wednesday due to weak demand and losses in LME tin prices.
SHANGHAI, Mar. 8 (SMM) – Despite reduced supply, spot tin prices dropped further to RMB 169,500-171,000/mt in Shanghai on Wednesday due to weak demand and losses in LME tin prices. Nanshan and Jinlong branded ingots were traded at the low-end RMB 169,500/mt. Feidie, Yunxiang, Yunshan and Yunxi struck deals between RMB 170,000-171,000/mt. Quotations at RMB 171,500/mt were heard but no deals were concluded.
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