SMM Daily Review - 2012/8/7 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/8/7 Tin Market

Price Review & Forecast 09:34:04AM Aug 08, 2012 Source:SMM

SHANGHAI, Aug. 8 (SMM) – In Shanghai tin market, spot tin was mainly traded between RMB 142,500-144,000/mt on August 7, with thin trading and strong wait-and-see sentiment. Market was relatively bearish due to a lack of important news. Goods circulating in the market are mainly supplies by Yunxi and Yunheng, with a few goods from Jinlong and Weitai. Traders purchased cautiously due to weak downstream demand. Yunxi was primarily traded at RMB 143,000/mt, while most deals for Yunheng were done at RMB 142,500/mt. Some transactions for Jinlong and Weitai were made at RMB 142,000/mt. Quotations from Yunxi were relatively firm at RMB 144,000/mt.

SMM Daily Review - 2012/8/7 Tin Market

Price Review & Forecast 09:34:04AM Aug 08, 2012 Source:SMM

SHANGHAI, Aug. 8 (SMM) – In Shanghai tin market, spot tin was mainly traded between RMB 142,500-144,000/mt on August 7, with thin trading and strong wait-and-see sentiment. Market was relatively bearish due to a lack of important news. Goods circulating in the market are mainly supplies by Yunxi and Yunheng, with a few goods from Jinlong and Weitai. Traders purchased cautiously due to weak downstream demand. Yunxi was primarily traded at RMB 143,000/mt, while most deals for Yunheng were done at RMB 142,500/mt. Some transactions for Jinlong and Weitai were made at RMB 142,000/mt. Quotations from Yunxi were relatively firm at RMB 144,000/mt.