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SMM Daily Review - 2012/5/3 Tin Market
May 4,2012 08:57CST
smm insight
Source:SMM
In Shanghai tin market, spot tin prices fell Thursday due to increased goods supply and stronger wait-and-see sentiment caused by the losses of LME tin prices.

SHANGHAI, May 4 (SMM) – In Shanghai tin market, spot tin prices fell Thursday due to increased goods supply and stronger wait-and-see sentiment caused by the losses of LME tin prices, with mainstream traded prices between RMB 163,500-165,000/mt. Jinlong, Nanshan, and Yunxiang were mainly traded between RMB 163,500-164,000/mt, while most deals for Yunheng and Yunxi were done between RMB 164,500-165,000/mt. The remaining weak demand downstream and falling LME tin prices depressed market sentiments, dragging down spot tin prices.

tin price
Shanghai tin market

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