SMM Daily Review - 2012/7/12 Tin Market

SHANGHAI, Jul. 13 (SMM) – In Shanghai tin market, spot tin prices were mainly between RMB 147,500-149,000/mt Thursday. Inquiries were rarely seen and downstream buying interest remained weak. Low-end prices fell but trading was still thin, with traders reporting lower sales. Yunxi and Yunheng were mainly traded between RMB 147,500-148,000/mt, and a few goods for Nanshan and Jinlong were offered at RMB 147,000/mt. Quotations from Yunxi were relatively firm. Smelters in Jiangxi were still unwilling to move goods, leaving fewer goods flowing into the market. Deals were mainly made for Yunxi and Yunheng. Transactions remained weak and tin prices kept falling.