SMM Daily Review - 2012/4/5 Tin Market

SMM Insight 10:10:35AM Apr 06, 2012 Source:SMM

SHANGHAI, Apr. 6 (SMM) – On Thursday, transactions in spot tin markets were quiet influenced by falling LME tin prices, leaving strong wait-and-see sentiment in the market. In the morning, mainstream transactions were made between RMB 169,000-170,000/mt, and cargo holders lowered prices to RMB 168,500-170,000/mt due to the dampened trading market in the afternoon. Traded prices for brands including Nanshan, Kaiyuan, Nancang and Guangsheng were mainly between RMB 168,500-169,000/mt, while Yunshan and Yunxi concluded most transactions at RMB 169,500-170,000/mt. Quotations for Yunxi were once at RMB 170,500/mt in the morning, but leaving sparse transactions. In general, the optimism in tin markets boosted by the sharp rise in LME tin prices last weekend failed to last long, with trading returning to modest. Buying interest downstream was depressed, and investors were cautious towards market outlook.

Key Words:  tin prices   spot tin 

SMM Daily Review - 2012/4/5 Tin Market

SMM Insight 10:10:35AM Apr 06, 2012 Source:SMM

SHANGHAI, Apr. 6 (SMM) – On Thursday, transactions in spot tin markets were quiet influenced by falling LME tin prices, leaving strong wait-and-see sentiment in the market. In the morning, mainstream transactions were made between RMB 169,000-170,000/mt, and cargo holders lowered prices to RMB 168,500-170,000/mt due to the dampened trading market in the afternoon. Traded prices for brands including Nanshan, Kaiyuan, Nancang and Guangsheng were mainly between RMB 168,500-169,000/mt, while Yunshan and Yunxi concluded most transactions at RMB 169,500-170,000/mt. Quotations for Yunxi were once at RMB 170,500/mt in the morning, but leaving sparse transactions. In general, the optimism in tin markets boosted by the sharp rise in LME tin prices last weekend failed to last long, with trading returning to modest. Buying interest downstream was depressed, and investors were cautious towards market outlook.

Key Words:  tin prices   spot tin