SMM Daily Review - 2012/4/24 Tin Market

SHANGHAI, Apr. 25 (SMM) – Transactions in Shanghai tin market remained depressed with fewer goods circulating in the market. Mainstream traded prices were between RMB 164,000-165,000/mt. Nanshan, and Yunxiang were mainly traded between RMB 164,000-164,500/mt, and most transactions for Yunxi were concluded between RMB 164,500-165,000/mt. Low selling interest among smelters resulted in decreasing goods supply with spot market quiet. Cargo holders reflected inquiries were sparse and demand downstream was sluggish. Bearish mood prevailed in the market. Despite support from limited goods supply, tin prices were hard to rise up.