SMM Tin Market Daily Review (2012-10-12)

SHANGHAI, Oct. 15 (SMM) – In Shanghai tin market, mainstream prices were mainly between RMB 155,000-156,500/mt. Supply was ample and mainly came from Yunnan and Jiangxi. The consolidation of LME tin prices left strong wait-and-see sentiment and weak downstream demand. Smelters moved goods moderately given persistently high inventories. Yunxi was mainly traded at RMB 156,000-156,500/mt, Yunheng and Jinhai were traded at RMB 155,500/mt, deals for Yunxiang and Yunshan were made at RMB 155,000/mt.