SMM Daily Review - 2012/5/25 Tin Market

SHANGHAI, May 28 (SMM) – On Friday, mainstream traded prices in Shanghai tin market were between RMB 154,500-155,500/mt. Nanshan, Jinhai were mainly traded at RMB 154,500/mt, while most transactions for Yunxi were quoted between RMB 155,000-155,500/mt. A few deals for Jinlong and Kaiyuan were made at RMB 154,000/mt in the morning. Since enterprises downstream were still unwilling to purchase, lower prices were not very attractive to buyers. In the afternoon, some cargo holders halted trading. Market was waiting for guides from LME tin prices.