SMM Tin Market Daily Review (2012/10/9)

SHANGHAI, Oct. 10 (SMM) – In Shanghai tin market, spot tin prices were mainly between RMB 157,000-158,500/mt on Tuesday and trading was light. The unclear movement of LME tin prices after China’s National Day holiday weighed down spot tin prices and formed strong wait-and-see sentiment in the market. Downstream enterprises were not willing to purchase and held a pessimistic attitude to tin prices this week. Yunxi was traded at RMB 158,000-158,500/mt, and Yunshan was traded at RMB 158,000/mt. Transactions for Nanshan and a few goods of Jinlong were concluded at RMB 157,000/mt.