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SMM Tin Market Daily Review (2015-8-19)
Aug 20, 2015 09:47Source:SMM
In Shanghai spot tin market, prices extended losses due to poor demand.
SHANGHAI, Aug. 20 (SMM) – In Shanghai spot tin market, prices extended losses due to poor demand. Mainstream traded prices were RMB 106,000-107,300/mt on August 19. Some smelters began cutting output last month against falling tin prices and raw material shortages. Despite production cuts, market supply remained in surplus due to tepid demand.
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