SMM Daily Review - 2012/6/8 Tin Market

SHANGHAI, Jun. 11 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 151,500-152,500/mt last Friday, with a few transactions done at RMB 151,000/mt. Tin prices tended to stabilized in general, promoting transactions slightly. Quotations from Yunxi were still firm, deals for Yunxi, Yunheng and Yunxiang were mainly made between RMB 151,500-152,000/mt. In the afternoon, transactions for Kaiyuan were reported with prices at RMB 151,000/mt. Buyers were willing to buy goods as tin prices stabilized. Despite the slight rally, LME tin prices remained weak, combined with oversupply in domestic market, spot tin prices may continue to fall.