SMM Tin Market Daily Review (2012-11-7)

Nov 8, 2012 09:06

Spot tin prices in Shanghai inched up on November 7 with transactions still weak.

SHANGHAI, Nov. 8 (SMM) – Spot tin prices in Shanghai inched up on November 7 with transactions still weak. Spot tin prices increased to RMB 148,500-150,000/mt boosted by the rises in LME tin prices overnight. Traded prices for Yunxi, Yunheng, and Yunshan were between RMB 149,000-150,000/mt, while prices for Yunxiang, Jinlong, and Nanshan were between RMB 148,500-149,000/mt. Market remained quiet with most investors on the sidelines. Consumption was still soft due to unimproved demand. China’s tin market will unlikely turn around should LME tin prices fail to continue the upward trend.

spot tin prices

tin prices in China

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SMM Tin Market Daily Review (2012-11-7)

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