SMM Tin Market Daily Review (2013-2-26)

SHANGHAI, Feb. 27 (SMM) – In Shanghai spot tin market, trading remained light on Tuesday with mainstream traded prices between RMB 155,500-157,000/mt. Some deals were made at RMB 155,000/mt, and transactions were mainly made for Yunxiang, Yunxi, and Yunheng. The continuous declines in tin prices undermined smelters’ selling interest, which was particularly evident for SMEs, leaving fewer goods available to the market. However, as supply remained sufficient, prices failed to obtain any support.