SMM Daily Review - 2012/8/30 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/8/30 Tin Market

Price Review & Forecast 08:51:13AM Aug 31, 2012 Source:SMM

SHANGHAI, Aug. 31 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 150,000-153,000/mt on Thursday. Prices were down noticeably with trading weak. LME tin prices closed down USD 1,100/mt, severely hurting market confidence. Cargo holders sold goods actively due to tight cash, but downstream consumption remained soft. In the afternoon, transactions were rarely heard. Yunxi was traded at RMB 153,000/mt, deals for Yunxiang were made at RMB 151,000/mt, and some goods from Nanshan and Nancang were traded at RMB 150,000/mt.
 

SMM Daily Review - 2012/8/30 Tin Market

Price Review & Forecast 08:51:13AM Aug 31, 2012 Source:SMM

SHANGHAI, Aug. 31 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 150,000-153,000/mt on Thursday. Prices were down noticeably with trading weak. LME tin prices closed down USD 1,100/mt, severely hurting market confidence. Cargo holders sold goods actively due to tight cash, but downstream consumption remained soft. In the afternoon, transactions were rarely heard. Yunxi was traded at RMB 153,000/mt, deals for Yunxiang were made at RMB 151,000/mt, and some goods from Nanshan and Nancang were traded at RMB 150,000/mt.