SMM Daily Review - 2012/6/29 Tin Market

SHANGHAI, Jul. 2 (SMM) – In Shanghai tin market, traded prices for spot tin were mainly between RMB 145,500-148,000/mt on Friday, and transactions did not improve with strong wait-and-see mood in the market. A few transactions for Jinlong were made concluded at RMB 145,000/mt. Deals for Jinhai, Yunheng, Yunxiang, and Yunxi were mainly made between RMB 145,500-146,000/mt. The weak demand continued to weigh on spot tin prices and LME tin prices, although stopped falling, did not offer enough support to spot tin prices. Major tin enterprises lowered quotations, panicking market players and leading many to sell off.