SMM Daily Review - 2012/7/10 Tin Market

SHANGHAI, Jul. 11 (SMM) – On Tuesday, mainstream spot tin prices in Shanghai tin market were between RMB 148,000-149,000/mt, and a few goods were quoted at RMB 147,500/mt due to sluggish consumption. Downstream demand was weak, leaving transactions limited. It was reported the operating rate at solder enterprises edged down between June and July. Although some enterprises maintained orders flat via developing new businesses, most reported decline in orders in June, and it is expected orders may not improve in July and August. In general, downstream demand remained sluggish with transactions limited, spot tin prices lacked upward momentum, coupled with weak LME tin prices, tin prices are still facing downward pressures.