SMM Tin Market Daily Review (2012-10-23)

SHANGHAI, Oct. 24 (SMM) – In Shanghai tin market, spot tin prices were mainly between RMB 148,500-151,500/mt, with trading light. Despite the limited goods supply, wait-and-see sentiment prevailed in the market and purchases were rare. The sharp decline in LME tin prices also affected tin consumption. Yunxi was traded at RMB 150,500-151,500/mt, Yunxiang was traded at RMB 149,000/mt, and Nanshan was traded at RMB 148,300-148,500/mt.