SMM Daily Review - 2012/7/20 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/20 Tin Market

Price Review & Forecast 08:55:05AM Jul 23, 2012 Source:SMM

SHANGHAI, Jul. 23 (SMM) – In Shanghai tin market, spot tin prices were between RMB 146,500-148,000/mt July 20, and trading remained thin. LME tin prices rose to close up USD 350/mt Thursday night, but domestic spot tin market was not boosted, and downstream purchases did not improve ahead of the weekend. Yunxi was traded between RMB 147,000-147,500/mt, and deals for Nanshan and Jinlong were done between RMB 146,300-146,500/mt. Some imported tin ingots were quoted at RMB 146,000/mt. LME tin prices have not stabilized yet, and wait-and-see sentiment still dominated the market last week.

SMM Daily Review - 2012/7/20 Tin Market

Price Review & Forecast 08:55:05AM Jul 23, 2012 Source:SMM

SHANGHAI, Jul. 23 (SMM) – In Shanghai tin market, spot tin prices were between RMB 146,500-148,000/mt July 20, and trading remained thin. LME tin prices rose to close up USD 350/mt Thursday night, but domestic spot tin market was not boosted, and downstream purchases did not improve ahead of the weekend. Yunxi was traded between RMB 147,000-147,500/mt, and deals for Nanshan and Jinlong were done between RMB 146,300-146,500/mt. Some imported tin ingots were quoted at RMB 146,000/mt. LME tin prices have not stabilized yet, and wait-and-see sentiment still dominated the market last week.