SMM Daily Review - 2012/7/17 Tin Market

SHANGHAI, Jul. 18 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 146,500-148,500/mt on Tuesday, and supply in the market was still limited. Smelters were not willing to sell goods and traders were cautious, leaving sparse transactions made. Some branded goods traded in the market were inventories built earlier. In the afternoon, buyers rarely made inquiries. Transactions for Nanshan and Nancang were mainly concluded at RMB 146,500/mt, while Yunxiang and Yunheng were traded at RMB 147,000/mt. Traded prices for Yunxi were between RMB 147,500-148,000/mt and quotations remained little changed.