SMM Tin Market Daily Review (2012-10-17)

SHANGHAI, Oct. 18 (SMM) – Spot tin prices in Shanghai were mainly between RMB 152,500-154,500/mt on October 17. Although LME tin prices rebounded slightly Tuesday, spot prices continued to fall, with trading extremely quiet. Traders all reflected poor sales and wait-and-see sentiment increased again among downstream buyer, leaving few purchases. Yunxi was traded at RMB 154,500/mt, and Yunheng was traded at RMB 154,000/mt, deals for Yunxiang and Nanshan were mainly done at RMB 152,500-153,000/mt.