SMM Daily Review - 2012/5/23 Tin Market

SHANGHAI, May 24 (SMM) – In Shanghai tin market, goods supply was limited and transactions were quiet with mainstream traded prices were between RMB 154,500-155,500/mt on Wednesday. Nanshan, Jinhai and Jinlong were mainly traded between RMB 154,500-155,000/mt, while most transactions for Yunheng and Yunxi were concluded between RMB 155,000-155,500/mt. Most smelters were not willing to move goods due to low tin prices, while demand from downstream enterprises remained sluggish. Dealers said it was difficult to replenish stocks and sell goods.