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SMM Tin Market Daily Review (2013-2-1)
SHANGHAI, Feb. 4 (SMM) – In Shanghai tin market, spot prices were mainly between RMB 159,500-161,000/mt on Friday. Goods holders held prices firm and quotations for Yunxi and Chengfeng were adjusted upward, driving up spot prices. Trading was quieter with the Chinese New Year holiday approaching, leaving little buying support for tin prices. Spot tin prices in China should remain strong this week but transactions will be sparse with enterprises closing for holiday.
SMM Tin Market Daily Review (2013-2-1)
SHANGHAI, Feb. 4 (SMM) – In Shanghai tin market, spot prices were mainly between RMB 159,500-161,000/mt on Friday. Goods holders held prices firm and quotations for Yunxi and Chengfeng were adjusted upward, driving up spot prices. Trading was quieter with the Chinese New Year holiday approaching, leaving little buying support for tin prices. Spot tin prices in China should remain strong this week but transactions will be sparse with enterprises closing for holiday.
