SMM Daily Review - 2012/6/21 Tin Market

SHANGHAI, Jun. 25 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 149,700-151,000/mt last Thursday, and trading remained light. Spot tin prices were dragged down by slumping LME tin prices, but smelters remained reluctant to move goods, leaving insufficient supply in the market. Brands in Yunnan province were at RMB 150,000/mt, but a few transactions were made below the level. Yunxi, Yunheng, Tianti and Yunxiang were mainly traded between RMB 149,700-150,500/mt. A few goods were quoted at RMB 149,500/mt but buying interest was still low. Spot tin prices are likely to keep falling on account of the dropping LME tin prices.