SMM Tin Market Daily Review (2013-11-1)

SHANGHAI, Nov. 2 (SMM) – Spot prices in Shanghai tin market dropped to RMB 145,000-148,500/mt last Friday, influenced by falling LME tin prices. In the afternoon, some resources, primarily those from Jiangxi and secondary tin, were quoted lower at RMB 144,500/mt. The increasing supplies of low-priced goods forced traders to sell goods at lows. Trading remained modest, but some traders said the slipping prices attracted some downstream buyers to enter the market.