Contributor Since 2010
|Shanghai Spot Metal Quote (SHMET)||More|
|Jun 04 2010|
|Copper||50000-50200||-3350||c 250/c 100|
|Aluminum||13840-13880||-690||b 50/b 90|
|1#Zinc||13550-13650||-700||c 230/c 130|
|0#Zinc||13600-13700||-700||c 180/c 80|
China’s spot Tin is quoted from RMB 140000 to 142000 per tonne, down RMB 750 per tonne. Affecting by the worse American employment data as well as the euro against the dollar has gone lower below $1.2, LME market continued to put pressure on the metal market. The drop range of LME Tin which performed tender before was very large today. But the domestic quotation wasn’t at the lower level, so the sales is weak in the morning.
“ We have only sold 4 tonnes of tin, such as 1#Kaiyuan Tin, 0#Kaiyuan Tin and Yunnan Tin around RMB 139500 per tonne. The market appeared to be in wait-and-see mode. The situation overseas is very volatile, as there are much bad news emerged in an endless stream and the economic controlling policy is too tight in China. The sales is really weak.” Some tin trader said to SHMET.
“ The slump of LME Tin is so large, but on the domestic market, the quotation of many traders are still very conservative. Upstream consumers are unwilling to sell goods and the domestic tin went down a little. Most of traders on the market quoted beyond RMB 140000 per tonne. Downstream consumers hold wait-and-see attitude toward to the market.” Another tin trader said to SHMET.