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SMM Daily Review - 2012/5/10 Tin Market
May 11,2012 08:56CST
smm insight
Source:SMM
Trading in Shanghai tin market was rather quiet with market dominated by pessimism Thursday.

SHANGHAI, May 11 (SMM) – Trading in Shanghai tin market was rather quiet with market dominated by pessimism Thursday. Mainstream traded prices were between RMB 159,000-162,000/mt, and a few deals were done at RMB 158,500/mt. Traded prices for Nanshan and Jinlong were mainly around RMB 159,000/mt, while most transactions for Yunxi and Yunheng were concluded between RMB 159,500-162,000/mt. Inquiries were rarely heard, leaving trading light. Given the falling LME tin prices and weakening demand downstream, purchases were even fewer at lower prices. Dealers would not replenish stocks while those dealers holding tin inventories were eager to sell goods fearing further price declines. Wait-and-see sentiment prevailed in the market.

tin price
Shanghai tin market

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