SMM Tin Market Daily Review (2013-1-16)-Shanghai Metals Market

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SMM Tin Market Daily Review (2013-1-16)

Price Review & Forecast 09:01:59AM Jan 17, 2013 Source:SMM

SHANGHAI, Jan. 17 (SMM) – In Shanghai tin market, mainstream traded prices were RMB 160,000-161,000/mt on January 16, with a few goods from Yunxiang traded at RMB 159,800/mt. LME tin prices met resistance, triggering wait-and-see sentiment in the market and leaving trading depressed. Tin prices were thus lowered. Some cargo holders stayed out of the market but were reluctant to lower prices. In the afternoon, spot tin prices remained stable but transactions remained quiet.

 

SMM Tin Market Daily Review (2013-1-16)

Price Review & Forecast 09:01:59AM Jan 17, 2013 Source:SMM

SHANGHAI, Jan. 17 (SMM) – In Shanghai tin market, mainstream traded prices were RMB 160,000-161,000/mt on January 16, with a few goods from Yunxiang traded at RMB 159,800/mt. LME tin prices met resistance, triggering wait-and-see sentiment in the market and leaving trading depressed. Tin prices were thus lowered. Some cargo holders stayed out of the market but were reluctant to lower prices. In the afternoon, spot tin prices remained stable but transactions remained quiet.