SMM Daily Review - 2012/6/12 Tin Market

SHANGHAI, Jun. 13 (SMM) – On Tuesday, mainstream traded prices in Shanghai tin market were between RMB 151,500-152,500/mt, demand downstream remained poor and purchases were rarely reported. The downturn of LME tin prices depressed market sentiment. Nanshan, Jinhai and Jinlong were mainly traded between RMB 151,000-151,500/mt, while most transactions for Yunxi and Yunheng were concluded between RMB 151,500-152,500/mt. Smelters were unwilling to move goods, leaving limited supply in the market. Inquiries from buyers downstream were sparse, and market still focused on LME tin price movements and election in Greece.