Metals News
SMM Tin Market Daily Review (2012-11-7)
price review forecast
09:06AM
Source:SMM

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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