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SMM Daily Review - 2012/4/6 Tin Market
Apr 9,2012 08:56CST
smm insight
Source:SMM
On Friday, transactions in SHFE tin market remained quiet without directions from LME tin prices.

SHANGHAI, Apr. 9 (SMM) – On Friday, transactions in SHFE tin market remained quiet without directions from LME tin prices, and mainstream transactions were made between RMB 169,000-170,000/mt. Nancang, Nanshan, Jinlong and Kaiyuan were mainly traded at RMB 169,000/mt, while traded prices of Yunshan and Xiangxi were at RMB 169,500/mt. Yunxi concluded most transactions at RMB 170,000/mt. Some goods of Nanshan, Kaiyuan and Nancang were traded at RMB 168,500/mt. Goods supply in the market was insufficient, and traders were not willing to replenish in large amounts considering the unsteady tin prices. Buying interest among downstream enterprises was low due to a lack of orders. Trading for spot tin was still light in general.

SHFE
tin price
spot tin

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