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SMM Daily Review - 2012/4/18 Tin Market
Apr 19,2012 09:09CST
smm insight
Source:SMM
Trading remained light in Shanghai tin market on Wednesday, with prices remaining relatively stable.

SHANGHAI, Apr. 19 (SMM) – Trading remained light in Shanghai tin market on Wednesday, with prices remaining relatively stable. Mainstream traded prices were between RMB 164,500-166,500/mt. Nanshan, Feidie and Yunshan were mainly traded between RMB 164,500-165,500/mt, transactions for Jinlong were mainly done between RMB 164,300-164,500/mt in the afternoon.  Most transactions for Yunxi were concluded at RMB 165,000-165,500/mt during trading hours. Offers by Yunxi were between RMB 166,500-167,000/mt. Trading market remained modest with a few deals done at low prices. Although tin ore prices fell slightly, smelters still considered raw material prices relatively high, while tin prices were not likely to stop falling. Smelters’ selling interest was low with narrowing profit margins. Meanwhile, downstream enterprises were not willing to purchase due to unstable tin prices, leaving market depressed.

tin price
Shanghai tin market

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