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.

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Oct.16
741.0
-1.0
(-0.13%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.16
96.9
-0.2
(-0.20%)
58% Fe Fines (Qingdao Port): IOPI58
Oct.16
635.0
-15.0
(-2.31%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.16
83.4
-2.1
(-2.47%)
65% Fe Fines (Qingdao Port): IOPI65
Oct.16
778.0
2.0
(0.26%)

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.