SMM Daily Review - 2012/5/17 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/17 Tin Market

SMM Insight 08:55:48AM May 18, 2012 Source:SMM

SHANGHAI, May 18 (SMM) – In Shanghai tin market, transactions were modest in the morning Thursday. Mainstream traded prices for Nanshan, Yunxiang and Yunshan were between RMB 153,500-154,000/mt, while most transactions for Yunheng and Yunxi were concluded between RMB 154,000-156,500/mt. In the afternoon, as LME tin prices fluctuated up, boosting confidence in spot market. Dealers were more willing to replenish stocks and low-end prices were driven up. Selling interest among smelters remained low due to high cost. Market players expected more news.

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Oct.11
760.0
3.0
(0.40%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.11
99.5
0.4
(0.41%)
58% Fe Fines (Qingdao Port): IOPI58
Oct.11
657.0
0.0
(0.00%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.11
86.5
0.0
(0.01%)
65% Fe Fines (Qingdao Port): IOPI65
Oct.11
796.0
6.0
(0.76%)

SMM Daily Review - 2012/5/17 Tin Market

SMM Insight 08:55:48AM May 18, 2012 Source:SMM

SHANGHAI, May 18 (SMM) – In Shanghai tin market, transactions were modest in the morning Thursday. Mainstream traded prices for Nanshan, Yunxiang and Yunshan were between RMB 153,500-154,000/mt, while most transactions for Yunheng and Yunxi were concluded between RMB 154,000-156,500/mt. In the afternoon, as LME tin prices fluctuated up, boosting confidence in spot market. Dealers were more willing to replenish stocks and low-end prices were driven up. Selling interest among smelters remained low due to high cost. Market players expected more news.