SMM Tin Market Daily Review (2015-7-2)

Jul 3, 2015 08:57

Rising LME and SHFE tin prices encouraged sellers in Shanghai spot tin market to hold back goods in hopes of higher prices.

SHANGHAI, Jul. 3 (SMM) – Rising LME and SHFE tin prices encouraged sellers in Shanghai spot tin market to hold back goods in hopes of higher prices. Cheap goods were quickly sold out in the morning. Mainstream traded prices rose to RMB 112,000-113,500/mt on Thursday. The price rally prompted downstream producers to make purchases, leaving trading moderate. Goods from Yunnan Tin Group traded at RMB 113,000-113,500/mt.

Shanghai tin prices

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SMM Tin Market Daily Review (2015-7-2)

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