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SMM Daily Review - 2012/4/11 Tin Market
Apr 12,2012 09:08CST
smm insight
Source:SMM
Shanghai tin market still witnessed thin trading on Wednesday.

SHANGHAI, Apr. 12 (SMM) – Shanghai tin market still witnessed thin trading on Wednesday, with mainstream transactions done between RMB 167,000-169,000/mt. Nanshan, Kaiyuan and Nancang were mainly traded between RMB 167,000-167,500/mt, and traded prices for Yunshan, Yunxi concentrated in the RMB 168,000-168,500/mt range. A few goods of Yunxi were traded between RMB 169,000-169,500/mt. Tin prices fell from the previous trading day, but transactions remained quiet in general. Demand downstream was still sluggish, leaving low buying interest and strong wait-and-see sentiment among traders. The gloomy economy and weak demand dampened market confidence. Both sellers and buyers were not optimistic to market outlook, market is not expected to improve in short term.

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Shanghai tin market

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