SMM Daily Review - 2012/5/23 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/5/23 Tin Market

SMM Insight 09:15:43AM May 24, 2012 Source:SMM

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.

Price

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Silicon Metal East China (553#)
Sep.20
10550.0
-50.0
(-0.47%)
Silicon Metal East China (553# with Oxygen)
Sep.20
11300.0
-50.0
(-0.44%)
Silicon Metal East China (521#)
Sep.20
11550.0
0.0
(0.00%)
Silicon Metal East China (441#)
Sep.20
11500.0
0.0
(0.00%)
Silicon Metal East China (421#)
Sep.20
11700.0
0.0
(0.00%)

SMM Daily Review - 2012/5/23 Tin Market

SMM Insight 09:15:43AM May 24, 2012 Source:SMM

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.