SMM Tin Market Daily Review (2013-3-19)

SHANGHAI, Mar. 20 (SMM) – In Shanghai tin market, cargo holders were still unwilling to sell goods, but quotations fell from RMB 152,500-155,000/mt to RMB 151,500-153,500/mt due to falling LME tin prices and some well-known enterprises cutting ex-works prices. A few goods for non-leading brands were offered at RMB 151,000/mt. The declines in tin prices fueled wait-and-see sentiment in the market, leaving trading muted.