SMM Daily Review - 2012/5/11 Tin Market

SHANGHAI, May 14 (SMM) – In Shanghai tin market, spot prices continued to fall Friday. Mainstream traded prices were between RMB 157,500-161,000/mt with some transactions traded at RMB 157,000/mt. Nanshan, Jinlong and Feidie were mainly traded between RMB 157,000-157,500/mt. Most transactions for Yunxiang and Yunxi were concluded between RMB 157,000-161,000/mt. Enterprises downstream stayed out of the market due to the falling tin prices, and buyers mainly purchased at low prices. Cargo holders were more willing to move goods due to inventory pressures, but trading remained light.