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SMM Tin Market Daily Review (2013-10-11)
Oct 12, 2013 09:39Source:SMM
Shanghai spot tin market remained stable on October 11, with mainstream traded prices between RMB 150,700-153,500/mt.
SHANGHAI, Oct. 12 (SMM) – Shanghai spot tin market remained stable on October 11, with mainstream traded prices between RMB 150,700-153,500/mt. Supply of low-priced goods were ample, while resources of Yunnan Tin Group were limited. The weak demand left quiet trading. As LME tin prices continued to consolidate, most market players in spot tin market were waiting for further guide from LME tin. Major tin smelters held quotations high, helping bolster spot prices.
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