SMM Tin Market Daily Review (2013-2-19)

SHANGHAI, Feb. 20 (SMM) – Trading in Shanghai tin market remained weak on February 19. Spot tin prices fell further given the higher selling interest, the fallback LME tin prices and weak demand. Mainstream traded prices were between RMB 159,000-160,000/mt in the morning. Only a few goods from Yunnan Tin Group were traded at RMB 161,000/mt. In the afternoon, the sagging demand and slumping LME tin continued to drove down spot prices, leaving some transactions done at RMB 158,000/mt. The falling prices in Wuxi also dragged tin prices down.