|Shanghai Spot Metal Quote (SHMET)||More|
|Jun 03 2010|
|Copper||53750-54100||-300||b 100/b 250|
|Aluminum||14610-14650||-170||c 70/c 30|
|1#Zinc||14800-14900||-350||c 315/c 215|
|0#Zinc||14850-14950||-350||c 265/c 165|
6/3/2010 2:19:52 PM
China’s spot Tin is quoted from RMB 141000 to 143000 per tonne, slightly down RMB 250 per tonne. Yunnan Tin is quoted around RMB 143000 per tonne, Hongyu and Yuta Tin are quoted at RMB 141000 per tonne. The sales is thin in the morning. Owing to price standing at a higher level at present, the market appears to be in wait-and-see mode.
“ Because the sales is poor on the tin market, our stock is on the decreasing trend generally and the total volume is about 50 tonnes now. As far as I know, some traders’ stocks only over 10 tonnes.” Some large tin trader said to SHMET.
“ We have only sold a tonne of lower-grade tin at RMB 142000 before 11 a.m in the morning. Downstream consumers considered that the price is too higher on the market and always hold bearish attitude toward the near-future market. What is more some insiders told us that tin price will drop below 140k.” Another tin trader said to SHMET.
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Disclosure: no positions