SMM Daily Review - 2012/7/18 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/18 Tin Market

Price Review & Forecast 09:05:46AM Jul 19, 2012 Source:SMM

SHANGHAI, Jul. 19 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 146,500-148,500/mt Wednesday, and supply was still insufficient with strong wait-and-see sentiment in the market. Downstream enterprises only purchased in limited amount and kept inventories low due to poor orders and low operating rates. In trading market, deals for Yunxiang and Yunheng were mainly done between RMB 147,000-147,500/mt, and Jinlong and Nancang were traded at RMB 146,500/mt. Quotations from Yunxi remained unchanged, and traded prices were above RMB 147,000/mt. A few imported tin was traded in the market at around RMB 146,000/mt.

SMM Daily Review - 2012/7/18 Tin Market

Price Review & Forecast 09:05:46AM Jul 19, 2012 Source:SMM

SHANGHAI, Jul. 19 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 146,500-148,500/mt Wednesday, and supply was still insufficient with strong wait-and-see sentiment in the market. Downstream enterprises only purchased in limited amount and kept inventories low due to poor orders and low operating rates. In trading market, deals for Yunxiang and Yunheng were mainly done between RMB 147,000-147,500/mt, and Jinlong and Nancang were traded at RMB 146,500/mt. Quotations from Yunxi remained unchanged, and traded prices were above RMB 147,000/mt. A few imported tin was traded in the market at around RMB 146,000/mt.