SMM Tin Market Daily Review (2015-9-23)

SHANGHAI, Sept. 24 (SMM) – China’s flash manufacturing PMI for September hit a low last seen in March 2009, souring sentiment in Shanghai spot tin market. This left sellers anxious to sell, causing mainstream traded prices to fall to RMB 98,500-99,500/mt on September 23. Downstream buyers stayed out of the market, awaiting even lower prices. Goods from Yunnan Tin Group traded at RMB 99,000-99,500/mt.