SMM Daily Review - 2012/6/1 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/6/1 Tin Market

SMM Insight 08:49:15AM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 153,000-155,000/mt on Friday, down slightly from the previous trading day with transactions sparse. Jinlong, Nanshan, Yunxiang were mainly traded between RMB 153,000-153,500/mt, while most transactions for Yunxi were concluded between RMB 154,500-155,000/mt. Smelters were still not willing to move goods, leaving supply limited. Market confidence was depressed by the remaining low LME tin prices, combined with the extremely weak demand, pessimism prevailed in the market, leaving barely any transactions.

SMM Daily Review - 2012/6/1 Tin Market

SMM Insight 08:49:15AM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 153,000-155,000/mt on Friday, down slightly from the previous trading day with transactions sparse. Jinlong, Nanshan, Yunxiang were mainly traded between RMB 153,000-153,500/mt, while most transactions for Yunxi were concluded between RMB 154,500-155,000/mt. Smelters were still not willing to move goods, leaving supply limited. Market confidence was depressed by the remaining low LME tin prices, combined with the extremely weak demand, pessimism prevailed in the market, leaving barely any transactions.