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SMM Tin Market Daily Review (2013-4-11)
SHANGHAI, Apr. 12 (SMM) – Domestic spot tin prices held stable on Thursday as low-prices goods were limited, and mainstream traded prices in Shanghai were mainly between RMB 148,500-149,500/mt. The production cuts in Jiangxi caused by environmental protection failed to boost tin prices due to excess supply and weak demand. The stabilizing prices were mainly a result of consumption of cheap goods, and spot tin prices will come under downside risk if LME tin prices continue to weaken.
SMM Tin Market Daily Review (2013-4-11)
SHANGHAI, Apr. 12 (SMM) – Domestic spot tin prices held stable on Thursday as low-prices goods were limited, and mainstream traded prices in Shanghai were mainly between RMB 148,500-149,500/mt. The production cuts in Jiangxi caused by environmental protection failed to boost tin prices due to excess supply and weak demand. The stabilizing prices were mainly a result of consumption of cheap goods, and spot tin prices will come under downside risk if LME tin prices continue to weaken.
