SMM Tin Market Daily Review (2014-10-22)

SHANGHAI, Oct. 23 (SMM) – In Shanghai spot tin market, prices extended losses due to the inflow of imported tin. Most deals closed between RMB 134,500-137,500/mt on Wednesday, down another RMB 500/mt. Low prices enticed downstream producers to go bargain hunting. Nanshan and Jinlong brand tin traded at RMB 134,500/mt, while goods from Yunnan traded between RMB 134,500-135,500/mt. Leading brand goods traded between RMB 137,000-137,500/mt due to tight supply.