SMM Daily Review - 2012/6/14 Tin Market

SHANGHAI, Jun. 15 (SMM) – In Shanghai tin market, most transactions were done between RMB 150,500-152,000/mt Thursday and market continued a downtrend. Some transactions were concluded at RMB 150,500/mt. Nanshan, Jinlong, Jinhai and Yunxiang were mainly traded between RMB 150,500-151,000/mt, while mainstream traded prices for Yunheng and Yunxi were between RMB 151,500-152,000/mt. Production at smelters did not improve, leaving market supply still insufficient. Meanwhile, demand downstream stayed poor. Market player were expecting directions of macroeconomic conditions.