SMM Tin Market Daily Review (2013-2-28)

SHANGHAI, Mar. 1 (SMM) – In Shanghai tin market, spot prices were mainly between RMB 155,500-156,500/mt Thursday morning, with some goods traded at RMB 155,000/mt. Although LME tin prices rose slightly, spot prices did not increase significantly given depressed demand. In the afternoon, LME tin prices increased to hit the 10-day moving average, enlivening spot trading. Downstream buyers were more willing to purchase but cargo holders and smelters became reluctant to move goods and raised quotations to RMB 156,000-157,500/mt.