SMM Daily Review - 2012/7/13 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/13 Tin Market

Price Review & Forecast 09:11:10AM Jul 16, 2012 Source:SMM

SHANGHAI, Jul. 16 (SMM) – In Shanghai tin market, spot tin prices were between RMB 146,500-148,500/mt Friday, falling from the previous trading day due to the sharp decline of LME tin prices. However, buying interest was low and traders reflected limited sales. Smelters were still unwilling to move goods. In trading market, deals for Nanshan and Jinlong were done at RMB 146,500/mt, while Yunheng were traded around RMB 147,000/mt. Traded prices for Yunxi were between RMB 147,500-148,000/mt. Limited supply did not give strong support to prices, and many cargo holders were forced to lower prices for sales, but transactions remained weak.

SMM Daily Review - 2012/7/13 Tin Market

Price Review & Forecast 09:11:10AM Jul 16, 2012 Source:SMM

SHANGHAI, Jul. 16 (SMM) – In Shanghai tin market, spot tin prices were between RMB 146,500-148,500/mt Friday, falling from the previous trading day due to the sharp decline of LME tin prices. However, buying interest was low and traders reflected limited sales. Smelters were still unwilling to move goods. In trading market, deals for Nanshan and Jinlong were done at RMB 146,500/mt, while Yunheng were traded around RMB 147,000/mt. Traded prices for Yunxi were between RMB 147,500-148,000/mt. Limited supply did not give strong support to prices, and many cargo holders were forced to lower prices for sales, but transactions remained weak.