SMM Daily Review - 2012/7/24 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/24 Tin Market

Price Review & Forecast 09:31:24AM Jul 25, 2012 Source:SMM

SHANGHAI, Jul. 25 (SMM) – In Shanghai tin market, mainstream traded prices for spot tin were between RMB 146,000-147,500/mt, with trading still modest. LME tin prices plunged by USD 604/mt Tuesday, denting market sentiment. China’s spot tin market was dominated by wait-and-see sentiment. Transactions for Yunxi and Yunheng were between RMB 147,000-147,500/mt, while Yunxiang and Jinlong were traded between RMB 146,300-146,500/mt. Some deals for secondary tin were made at RMB 145,500/mt.

SMM Daily Review - 2012/7/24 Tin Market

Price Review & Forecast 09:31:24AM Jul 25, 2012 Source:SMM

SHANGHAI, Jul. 25 (SMM) – In Shanghai tin market, mainstream traded prices for spot tin were between RMB 146,000-147,500/mt, with trading still modest. LME tin prices plunged by USD 604/mt Tuesday, denting market sentiment. China’s spot tin market was dominated by wait-and-see sentiment. Transactions for Yunxi and Yunheng were between RMB 147,000-147,500/mt, while Yunxiang and Jinlong were traded between RMB 146,300-146,500/mt. Some deals for secondary tin were made at RMB 145,500/mt.