SMM Daily Review - 2012/7/3 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/3 Tin Market

Price Review & Forecast 09:18:02AM Jul 04, 2012 Source:SMM

SHANGHAI, Jul. 4 (SMM) – In Shanghai tin market, traded prices for tin ingots were mainly between RMB 146,000-148,000/mt on Tuesday. The declines in spot tin prices were arrested since LME tin prices rallied during Asian trading session for two days. Traders bought goods cautiously due to disappointing sales, and goods available in the market were fewer. Downstream buyers were more willing to purchase as LME tin prices fluctuated up after opening. In the afternoon, tin prices moved up, with Jinlong and Yunheng mainly traded at RMB 147,000/mt, while transactions for Yunxi were primarily concluded between RMB 147,500-148,000/mt. Trading turned better in general.

SMM Daily Review - 2012/7/3 Tin Market

Price Review & Forecast 09:18:02AM Jul 04, 2012 Source:SMM

SHANGHAI, Jul. 4 (SMM) – In Shanghai tin market, traded prices for tin ingots were mainly between RMB 146,000-148,000/mt on Tuesday. The declines in spot tin prices were arrested since LME tin prices rallied during Asian trading session for two days. Traders bought goods cautiously due to disappointing sales, and goods available in the market were fewer. Downstream buyers were more willing to purchase as LME tin prices fluctuated up after opening. In the afternoon, tin prices moved up, with Jinlong and Yunheng mainly traded at RMB 147,000/mt, while transactions for Yunxi were primarily concluded between RMB 147,500-148,000/mt. Trading turned better in general.