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SHMET Spot Market Briefing 20100602-Tin

Metals Price(RMB/T) Change b/c
Copper 53800-54400 -500 b 100/b 250
Aluminum 14780-14820 -120 b 30/b 70
Lead 14500-14700 -100  
1#Zinc 15100-15300 -350 b 75/b 275
0#Zinc 15150-15350 -350 b 125/b 325
Tin 141500-143000 flat  
Nickel 164000-165000 -5000  

 6/2/2010 2:12:40 PM

China’s spot Tin is quoted from RMB 141500 to 143000 per tonne, flat. There are not many inquiries in the AM session, as the trading volume is thin. The sales sentiment on the market has been suppressed for a long time. Smelters’ attitude seems to be stable at present, while traders and downstreams are more confused.

“ There are less people who has stocked goods now. Owing to the poorer trading volume, traders often purchase goods by small quantity, and especially some downstream consumers didn’t dare to buy too much goods and purchased them according to requirement.” Some tin trader said to SHMET.

“There are fewer inquiring calls after we quoted the higher-grade tin at RMB 142500 per tonne in the morning. We have no trading volume and the market is thin now. We would like to move down price and hope that the sales will be better in the afternoon.” Some tin trader said to SHMET. 

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