|Shanghai Spot Metal Quote (SHMET)||More|
|Jun 25 2010|
|Copper||53850-54150||flat||b 150/b 250|
|Aluminum||14620-14660||-30||c 30/b 10|
|1#Zinc||14950-15050||-150||c 125/c 25|
|0#Zinc||15000-15100||-150||c 75/b 25|
China’s spot Tin is quoted from RMB 139500 to 140500 per tonne, decreasing RMB 750 per tonne. Yunnan Tin is quoted at RMB 140500 per tonne. Jinhai Tin is quoted at RMB 140000 per tonne and Yuta Tin is quoted at RMB 139500 per tonne. Although there are not many inquiring calls in the morning, the sales is not bad and better than yesterday. Downstream consumers are always willing to purchase lower-grade brand tin according to requirement. But they are unwilling to stock goods.
“ We have sold 10 tonnes or more lower-grade brand tin at RMB 140000 per tonne in the morning. Furthermore, it is said that the quotation of upstream consumers are very high. Yunnan Tin has been quoted at RMB 145000 per tonne. Owing to the lower quotation, some factories chose to purchase goods here.” Some tin trader said to SHMET.
“ The goods of traders are cheaper, what attributed to stocking cheap goods before. There are not much cheaper goods now, so it won’t have great effect on our tin price.” Another tin trader said to SHMET.
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Shanghai Metal Price Index, “SHMETX” for short, reflects non-ferrous metals’ spot prices of Shanghai comprehensively, compiled and published by Shanghai Metals Exchange (“SHMET”). Its characteristics are objective, high-efficiency, professional, authoritative, etc. The average prices of sampling varieties can be the standard of quoting prices and reference inside and outside the industry.