SMM Tin Market Daily Review (2012-10-25)

SHANGHAI, Oct. 26 (SMM) – In Shanghai tin market, spot tin prices were mainly between RMB 148,000-150,000/mt, with transactions still limited. Downstream enterprises purchased as needed with demand remaining weak. Traders were actively selling goods but market was dominated by wait-and-see sentiment. Smelters still limited supply. Some goods were quoted as low as RMB 147,500/mt. Yunxi was traded at RMB 149,500-150,000/mt, Yunheng was traded at RMB 148,500/mt, transactions for Nanshan and Yunxiang were mainly concluded at RMB 148,000/mt.