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Home / Metal News / SMM Tin Market Daily Review (2013-11-28)

SMM Tin Market Daily Review (2013-11-28)

iconNov 29, 2013 09:26
Source:SMM
Spot tin prices in Shanghai extended losses on Thursday dragged by sharp decline in LME tin prices, down to RMB 142,000-145,000/mt.

SHANGHAI, Nov. 29 (SMM) – Spot tin prices in Shanghai extended losses on Thursday dragged by sharp decline in LME tin prices, down to RMB 142,000-145,000/mt. A few brands from Jiangxi traded at RMB 141,500/mt. Tin smelters reported growing pressure against loans due for repayment by year’s end, while downstream buyers refrained from purchasing due also to tight cash, quietening spot trading. Despite falling quotations, consumption remained anemic.

 
 
spot tin prices

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