SMM Daily Review - 2012/4/13 Tin Market

SHANGHAI, Apr. 16 (SMM) – On Friday, trading in Shanghai tin market was light, and goods supply was sparse except some well-known brands. Mainstream traded prices were between RMB 166,500-169,000/mt. Nanshan, Feidie, and Yunshan were mainly traded between RMB 166,500-167,300/mt, while most deals for Yunxi were concluded at RMB 167,000-167,500/mt, with a few deals done at RMB 169,000/mt. Selling interest among smelters has maintained low due to the falling tin prices, leaving fewer goods available to markets. At present, traders were cautious against the low tin prices and soft consumption, while smelters were reluctant to move goods on account of high costs. Meanwhile, as production and consumption within electric industry were negatively affected by China’s economic slowdown, orders for downstream enterprises dropped, dampening the tin consumption. Thus, transactions in tin market will not improve in the near term.