SMM Tin Market Daily Review (2013-9-5)

SHANGHAI, Sept. 6 (SMM) – Traded prices for spot tin in Shanghai were primarily at RMB 141,000-143,000/mt on Thursday morning. The rising LME tin prices overnight kindled bullish mood in spot tin market, encouraging traders and tin smelters to raise quotations. Resources quoted below RMB 141,000/mt were rarely seen at midday. Some cargo holders refrained from selling. In the afternoon, most goods were traded at RMB 142,000-144,500/mt. Transactions for Jinlong were mainly concluded at RMB 142,000/mt, while other brands were offered above RMB 143,000/mt. Most deals were done between traders, with a limited number of enterprises downstream making purchases, leaving trading modest.