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SMM Tin Market Daily Review (2013-1-4)
SHANGHAI, Jan. 4 (SMM) – In Shanghai tin market, spot tin prices moved up to RMB 154,500-157,000/mt on Friday due to the increase in LME tin prices during the New Year holiday, with trading modest. Transactions for Yunxi and Yunheng were concluded at RMB 156,000-157,000/mt, while Yunxiang and Nanshan were traded at RMB 155,000/mt. Despite the improving market confidence, price increase was limited due to a lack of buying support.
SMM Tin Market Daily Review (2013-1-4)
SHANGHAI, Jan. 4 (SMM) – In Shanghai tin market, spot tin prices moved up to RMB 154,500-157,000/mt on Friday due to the increase in LME tin prices during the New Year holiday, with trading modest. Transactions for Yunxi and Yunheng were concluded at RMB 156,000-157,000/mt, while Yunxiang and Nanshan were traded at RMB 155,000/mt. Despite the improving market confidence, price increase was limited due to a lack of buying support.
