SMM Daily Review - 2012/6/13 Tin Market

SHANGHAI, Jun. 14 (SMM) – Mainstream traded prices in Shanghai tin market were between RMB 151,000-152,000/mt on Wednesday. Inquiries were scarce due to sluggish demand and supply in the market remained low against the unstable economic environment. Nanshan, Jinlong, Jinhai and Yunheng were mainly traded between RMB 151,000-151,500/mt, with a few goods quoted at RMB 150,500/mt. Traded prices for Yunxi were between RMB 151,500-152,000/mt. Tin supply fell since most smelters cut production recently, and since smelters were unwilling to sell at low tin prices. Limited supply pared the declines in tin prices. Demand downstream remained weak, and pessimism prevailed in the market.