SMM Daily Review - 2012/6/26 Tin Market

Price Review & Forecast 09:30:30AM Jun 27, 2012 Source:SMM

SHANGHAI, Jun. 27 (SMM) – On Tuesday, mainstream traded prices in Shanghai tin market were between RMB 149,000-150,000/mt, some transactions were made at RMB 148,500/mt as trading remained light. Nanshan, Jinlong and Jinhai were traded between RMB 148,500-149,000/mt, while transactions for Yunheng and Yunxi were mainly concluded at RMB 149,000/mt. Quotations from Yunxi was RMB 150,500/mt. Given the sinking LME tin prices and sluggish demand, domestic tin prices kept falling. The shrinking orders at downstream enterprises dampened demand for raw materials, coupled with the inflow of imported resources, demand for spot tin was at rock bottom. Dealers reported poor sales as buyers were reluctant to purchase. Wait-and-see sentiment prevailed in the market, leaving transactions quiet.

SMM Daily Review - 2012/6/26 Tin Market

Price Review & Forecast 09:30:30AM Jun 27, 2012 Source:SMM

SHANGHAI, Jun. 27 (SMM) – On Tuesday, mainstream traded prices in Shanghai tin market were between RMB 149,000-150,000/mt, some transactions were made at RMB 148,500/mt as trading remained light. Nanshan, Jinlong and Jinhai were traded between RMB 148,500-149,000/mt, while transactions for Yunheng and Yunxi were mainly concluded at RMB 149,000/mt. Quotations from Yunxi was RMB 150,500/mt. Given the sinking LME tin prices and sluggish demand, domestic tin prices kept falling. The shrinking orders at downstream enterprises dampened demand for raw materials, coupled with the inflow of imported resources, demand for spot tin was at rock bottom. Dealers reported poor sales as buyers were reluctant to purchase. Wait-and-see sentiment prevailed in the market, leaving transactions quiet.