SMM Daily Review - 2012/4/6 Tin Market-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Copper
  • Copper scrap
  • Steel
  • Market commentary
  • Nickel
  • Lead
  • Alumina
  • Stainless steel
  • Evening comments
  • price forecast
  • Morning comments
  • MMi Iron Ore Port Index
  • Inventory data

SMM Daily Review - 2012/4/6 Tin Market

SMM Insight 08:56:27AM Apr 09, 2012 Source:SMM

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.

Key Words:  SHFE   tin price   spot tin 

SMM Daily Review - 2012/4/6 Tin Market

SMM Insight 08:56:27AM Apr 09, 2012 Source:SMM

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.

Key Words:  SHFE   tin price   spot tin