SMM Daily Review - 2012/7/4 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/4 Tin Market

Price Review & Forecast 09:07:22AM Jul 05, 2012 Source:SMM

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.
 

SMM Daily Review - 2012/7/4 Tin Market

Price Review & Forecast 09:07:22AM Jul 05, 2012 Source:SMM

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.