SMM Tin Market Daily Review (2013-11-5)

SHANGHAI, Nov. 6 (SMM) – Traded prices for spot tin in Shanghai continued to fall on Tuesday to RMB 144,000-147,500/mt, as supply for cheap resources was ample. Prices for Nanshan, Jinlong, Yinsheng, and Yunxiang, were RMB 144,000-144,500/mt, with some goods sold lower than futures prices. Well-known brands, such as YT and Yunheng, were traded at RMB 145,000-147,000/mt. In the afternoon, trading improved some as the falling prices encouraged buying appetite.