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SMM Daily Review - 2012/5/22 Tin Market
May 23,2012 09:27CST
smm insight
Source:SMM
On Tuesday, tin prices Shanghai spot market stabilized with low-end prices edging up due to limited low-price goods.

SHANGHAI, May 23 (SMM) – On Tuesday, tin prices Shanghai spot market stabilized with low-end prices edging up due to limited low-price goods. Mainstream traded prices were between RMB 154,000-155,000/mt, and quotations, except for a few imported goods, were rarely reported below RMB 154,000/mt in domestic market. Trading was modest with most buyers only making inquiries. Nanshan, Jinhai, Jinlong and Yunxiang were mainly traded between RMB 154,000-154,700/mt, while most transactions for Yunxi were made at RMB 155,000/mt. In the afternoon, some goods were quoted above RMB 155,000/mt but transactions were sparse. Some enterprises downstream were more willing to enter the market due to a sign of stabilizing in LME tin prices, but remained relatively cautious. Meanwhile, market players were expecting spot prices to rise, but prices lacked upward momentum due to the weak demand.

tin price
Shanghai tin market

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