SMM Daily Review - 2012/8/2 Tin Market

SHANGHAI, Aug. 3 (SMM) – In Shanghai tin market, spot tin prices were mainly between RMB 143,500-144,500/mt on Thursday. Smelters continued to limit sales, leaving insufficient supply in the market, while downstream purchases were still soft. In the afternoon, trading remained light, so some traders lowered prices, with a few goods from Yunxi traded at RMB 143,300/mt, while deals for Yunheng were mainly done at RMB 143,000/mt. Consumption remained poor downstream despite the price cuts.