SMM Daily Review - 2012/4/20 Tin Market

SHANGHAI, Apr. 23 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 164,500-165,500/mt on Friday. Goods at lower prices were fewer in the market, leaving transactions quiet. Nanshan and Yunheng were mainly traded between RMB 164,500-165,000/mt, and mainstream traded prices for Yunxi were between RMB 165,000-165,500/mt. Futures prices for Yunxi and Yunheng were at RMB 164,000/mt. Second tier smelters limited sales with low selling interest, leading to sparse low-price goods in the market. Besides, declines in LME tin prices were arrested, somewhat easing markets fears. As a result, spot prices tended to stabilize. However, demand downstream did not improve.