SMM Tin Market Daily Review (2012-11-8)

SHANGHAI, Nov. 9 (SMM) – Spot tin prices in Shanghai continued to move down on November 8 as LME tin prices fell, with mainstream traded prices at RMB 14,800-14,900/mt. Yunxiang and Jinlong were traded at RMB 147,500-148,500/mt, while Yunxi and Yunheng were traded at RMB 148,500-149,000/mt. Trading was rather quiet, and inquiries were rarely reported. The unstable tin prices kept most investors on the sidelines, and downstream enterprises purchased cautiously to avoid risks.