SMM Daily Review - 2012/7/25 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/7/25 Tin Market

Price Review & Forecast 08:57:40AM Jul 26, 2012 Source:SMM

SHANGHAI, Jul. 26 (SMM) – In Shanghai tin market, spot tin prices were mainly between RMB 144,500-146,500/mt with strong wait-and-see sentiment in the market. LME tin prices slumped USD 691/mt Tuesday, intensifying market fears and driving spot prices to drop. However, most downstream enterprises opted to wait on the sidelines given the sharp decline, leaving only a few transactions done. In the afternoon, trading was even thinner, quotations for some goods were lowered again. Traded prices for Yunxi were between RMB 144,500-146,500/mt, and Nanshan was traded at RMB 144,500/mt. A few deals for secondary tin were done between RMB 143,000-143,500/mt.

SMM Daily Review - 2012/7/25 Tin Market

Price Review & Forecast 08:57:40AM Jul 26, 2012 Source:SMM

SHANGHAI, Jul. 26 (SMM) – In Shanghai tin market, spot tin prices were mainly between RMB 144,500-146,500/mt with strong wait-and-see sentiment in the market. LME tin prices slumped USD 691/mt Tuesday, intensifying market fears and driving spot prices to drop. However, most downstream enterprises opted to wait on the sidelines given the sharp decline, leaving only a few transactions done. In the afternoon, trading was even thinner, quotations for some goods were lowered again. Traded prices for Yunxi were between RMB 144,500-146,500/mt, and Nanshan was traded at RMB 144,500/mt. A few deals for secondary tin were done between RMB 143,000-143,500/mt.