SMM Tin Market Daily Review (2013-6-26)-Shanghai Metals Market

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SMM Tin Market Daily Review (2013-6-26)

Price Review & Forecast 09:23:44AM Jun 27, 2013 Source:SMM
SHANGHAI, Jun. 27 (SMM) – Spot tin prices in Shanghai were mainly at RMB 138,000-139,000/mt, with brands from Jiangxi and goods of Feidie traded at RMB 137,700-137,800/mt. Market was dominated by wait-and-see sentiment. Downstream buyers cut purchases with the onset of low demand season, combined with falling prices, tin market was further dampened. LME tin prices managed to stabilize at USD 19,500/mt, but the support at this level was not strong, leaving room for further decline. China’s spot tin prices were waiting for guides from LME tin.
 
Key Words:  spot tin price 

SMM Tin Market Daily Review (2013-6-26)

Price Review & Forecast 09:23:44AM Jun 27, 2013 Source:SMM
SHANGHAI, Jun. 27 (SMM) – Spot tin prices in Shanghai were mainly at RMB 138,000-139,000/mt, with brands from Jiangxi and goods of Feidie traded at RMB 137,700-137,800/mt. Market was dominated by wait-and-see sentiment. Downstream buyers cut purchases with the onset of low demand season, combined with falling prices, tin market was further dampened. LME tin prices managed to stabilize at USD 19,500/mt, but the support at this level was not strong, leaving room for further decline. China’s spot tin prices were waiting for guides from LME tin.
 
Key Words:  spot tin price