SMM Tin Market Daily Review (2013-1-22)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Zinc
  • Futures movement
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • In the United States
  • nickel laterite
  • Morning comments
  • Nickel ore
  • NPI

SMM Tin Market Daily Review (2013-1-22)

Price Review & Forecast 09:15:33AM Jan 23, 2013 Source:SMM

SHANGHAI, Jan. 23 (SMM) – On Tuesday, spot tin prices in Shanghai were mainly between RMB 158,500-159,500/mt. Downstream buyers remained uninterested in replenishing stocks for the Chinese New Year holiday, leaving trading muted. LME tin prices lacked impetus to rise, combined with depressed demand, spot tin prices kept slipping. Ex-works prices for Yunxi remained firm at RMB 164,000/mt, but soft consumption in spot market and limited supply for low-priced goods drove traded prices to fall below RMB 160,000/mt.
 

SMM Tin Market Daily Review (2013-1-22)

Price Review & Forecast 09:15:33AM Jan 23, 2013 Source:SMM

SHANGHAI, Jan. 23 (SMM) – On Tuesday, spot tin prices in Shanghai were mainly between RMB 158,500-159,500/mt. Downstream buyers remained uninterested in replenishing stocks for the Chinese New Year holiday, leaving trading muted. LME tin prices lacked impetus to rise, combined with depressed demand, spot tin prices kept slipping. Ex-works prices for Yunxi remained firm at RMB 164,000/mt, but soft consumption in spot market and limited supply for low-priced goods drove traded prices to fall below RMB 160,000/mt.