SMM Daily Review - 2012/7/4 Tin Market

SHANGHAI, Jul. 5 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 148,000-148,500/mt on Wednesday. LME tin prices rose sharply Wednesday, shoring up market sentiment, combined with limited supply of spot tin, spot tin prices picked up following continuous declines. Transactions for Yunheng and Yunxi were mainly concluded between RMB 148,000-148,500/mt. Selling interest at smelters in Jiangxi province remained low, leaving fewer availability for branded tin. Given the still weak demand and bearish mood in spot market, trading remained light. Many market players believed the increase will be temporary and only waited on the sidelines.