SMM Tin Market Daily Review (2013-4-18)-Shanghai Metals Market

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SMM Tin Market Daily Review (2013-4-18)

Price Review & Forecast 08:36:40AM Apr 19, 2013 Source:SMM

SHANGHAI, Apr. 19 (SMM) – The slump in LME tin prices caused spot tin prices in China to fall quickly on Thursday, with mainstream traded prices at RMB 141,000-142,000/mt in the morning trading session. Few transaction was made given the plunging prices. In the afternoon, LME tin prices fell below USD 20,000/mt, and mainstream traded prices slipped to RMB 140,000-141,500/mt, with strong wait-and-see mood. Most smelters were still unwilling to move goods, and limited supply constrained the downward room. Market expects prices to fall further.

 

Key Words:  spot tin price 

Price

more
Aluminum Ingot
Oct.15
13770.0
-30.0
(-0.22%)
Aluminum Ingot - Fo Shan
Oct.15
13780.0
-20.0
(-0.14%)
Aluminum Ingot - Wu Xi
Oct.15
13790.0
0.0
(0.00%)
Aluminum Ingot - Hang Zhou
Oct.15
13810.0
0.0
(0.00%)
Aluminum Ingot - Chong Qing
Oct.15
13755.0
-15.0
(-0.11%)

SMM Tin Market Daily Review (2013-4-18)

Price Review & Forecast 08:36:40AM Apr 19, 2013 Source:SMM

SHANGHAI, Apr. 19 (SMM) – The slump in LME tin prices caused spot tin prices in China to fall quickly on Thursday, with mainstream traded prices at RMB 141,000-142,000/mt in the morning trading session. Few transaction was made given the plunging prices. In the afternoon, LME tin prices fell below USD 20,000/mt, and mainstream traded prices slipped to RMB 140,000-141,500/mt, with strong wait-and-see mood. Most smelters were still unwilling to move goods, and limited supply constrained the downward room. Market expects prices to fall further.

 

Key Words:  spot tin price