SMM Tin Market Daily Review (2012-10-24)

SHANGHAI, Oct. 25 (SMM) – Spot tin prices in Shanghai continued to fall and came to RMB 148,000-151,000/mt on October 24, with trading still thin. LME tin prices pared declines and rallied later. Although transactions in spot tin did not show noticeable improvements, more inquiries were reported in the afternoon. Yunxi was traded at RMB 150,000-151,000/mt, while Jinlong, Yunxiang, and Nanshan were traded at RMB 148,000-148,500/mt.