SMM Tin Market Daily Review (2012-12-27)

SHANGHAI, Dec. 28 (SMM) – In Shanghai tin market, spot tin prices were mainly between RMB 150,500-152,000/mt on December 27, with low-priced goods less seen. In the morning, a few goods were quoted around RMB 150,000/mt, but traded prices were above RMB 150,500/mt in the afternoon. The production suspension at Yunxi and rising LME tin prices drove up spot tin prices, combined with replenishments by downstream enterprises prior to the New Year holiday, trading improved slightly. The firm quotations from Yunxi also gave support to tin prices.