SMM Daily Review - 2012/5/3 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/3 Tin Market

SMM Insight 08:57:38AM May 04, 2012 Source:SMM

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.

SMM Daily Review - 2012/5/3 Tin Market

SMM Insight 08:57:38AM May 04, 2012 Source:SMM

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.