SMM Daily Review - 2012/5/16 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/16 Tin Market

SMM Insight 09:05:55AM May 17, 2012 Source:SMM

SHANGHAI, May 17 (SMM) – In Shanghai tin market, transactions were still quiet on Wednesday. Nanshan, Yunxiang and Yunshan were mainly traded at RMB 155,000/mt, with a few deals for Nanshan and Yunxiang done at lower prices. Most transactions for Jinhai, Yunheng and Yunxi were concluded between RMB 157,000-158,000/mt. In the afternoon, trading was further dampened. Smelters suffered losses due to remaining high costs, while demand downstream remained lackluster.

SMM Daily Review - 2012/5/16 Tin Market

SMM Insight 09:05:55AM May 17, 2012 Source:SMM

SHANGHAI, May 17 (SMM) – In Shanghai tin market, transactions were still quiet on Wednesday. Nanshan, Yunxiang and Yunshan were mainly traded at RMB 155,000/mt, with a few deals for Nanshan and Yunxiang done at lower prices. Most transactions for Jinhai, Yunheng and Yunxi were concluded between RMB 157,000-158,000/mt. In the afternoon, trading was further dampened. Smelters suffered losses due to remaining high costs, while demand downstream remained lackluster.