SMM Tin Market Daily Review (2013-1-8)-Shanghai Metals Market

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SMM Tin Market Daily Review (2013-1-8)

Price Review & Forecast 09:18:51AM Jan 09, 2013 Source:SMM

SHANGHAI, Jan. 9 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 156,000-158,500/mt on Tuesday, but the rapid growth was not generally accepted by the market, leaving trading quiet. Traded prices for Yunxi and Yunheng were RMB 158,500-159,000/mt, while those for Yunxiang and Nanshan were RMB 156,000-167,000/mt, with goods traded at RMB 156,000/mt limited. Market players were still bullish on spot tin prices, and some producers were reluctant to move goods at low prices, tightening tin supply. This may leave upward room for spot tin prices.
 

SMM Tin Market Daily Review (2013-1-8)

Price Review & Forecast 09:18:51AM Jan 09, 2013 Source:SMM

SHANGHAI, Jan. 9 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 156,000-158,500/mt on Tuesday, but the rapid growth was not generally accepted by the market, leaving trading quiet. Traded prices for Yunxi and Yunheng were RMB 158,500-159,000/mt, while those for Yunxiang and Nanshan were RMB 156,000-167,000/mt, with goods traded at RMB 156,000/mt limited. Market players were still bullish on spot tin prices, and some producers were reluctant to move goods at low prices, tightening tin supply. This may leave upward room for spot tin prices.