SMM Tin Market Daily Review (2012-10-16)

SHANGHAI, Oct. 17 (SMM) – In Shanghai tin market, spot tin prices were mainly between RMB 153,500-155,500/mt, since the rebound in LME tin prices eased market concerns. In the afternoon, inquiries increased but transactions did not improve. Yunxi was mainly traded at RMB 155,000-155,500/mt, and Yunheng was traded at RMB 154,000/mt. Transactions for Yunxiang and Nanshan were concluded between RMB 153,000-153,500/mt. Inventories at downstream enterprises were relatively low, so buyers continued to purchase as needed despite weak demand.