SMM Daily Review - 2012/5/4 Tin Market

SHANGHAI, May 7 (SMM) – In Shanghai tin market, tin prices fell sharply Friday due to the losses of LME tin prices, with mainstream traded prices between RMB 163,000-164,500/mt in the morning. In the afternoon, low-end price was reported at RMB 162,500/mt in response to increasing low-priced goods supply. Jinlong, Nanshan were mainly traded between RMB 162,500-163,000/mt, while most deals for Yunxiang were done at RMB 163,000/mt. Traded prices for Yunxi and Yunheng were mainly between RMB 163,500-164,000/mt, with several of transactions for Yunxi made at RMB 164,500/mt. Quotations from Yunxi remained firm at RMB 167,000/mt. Trading was light since falling LME tin prices depressed market confidence.