Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

SHMET Spot Market Briefing 20100707-Tin

Shanghai Spot Metal Quote (SHMET) More
Jul 07 2010
Metals Price(RMB/T) Change b/c
Copper 53100-53350 +200 b 200/b 300
Aluminum 14660-14700 +40 c 30/b 10
Lead 14650-14850 +50  
1#Zinc 15000-15100 -50 c 135/c 35
0#Zinc 15050-15150 -50 c 85/b 15
Tin 138000-139500 +250  
Nickel 152000-153500 +1000  


 

Tin
China’s spot Tin is quoted from RMB 138000 to 139500 per tonne, increasing RMB 250 per tonne. Yunnan Tin is quoted at RMB 139500 per tonne, other brand tin such as Jinhai Tin and Feidie Tin are quoted at RMB 138000 to 138500 per tonne. Although LME Tin jumped in the short-term, insiders are still staying on the sidelines of market. On the domestic market, there are many inquirers but less of them purchased goods. Some traders sold goods very actively.

“ The rising tin price has been driven by LME market. The consumption on the market is not very nice. We have sold less than 10 tonnes of goods these two days. We have mainly sold Yunnan Tin at RMB 138500 per tonne. The total volume is about a dozen tonnes, which is much better than yesterday.” Some tin trader said to SHMET.

“ The goods on the market is plenteous. Although LME market is on the upward trend, the demand of downstream consumers is not enough. So domestic price is hard to go up. Today the quotation is too mixed that due to the dropping price, there are more people come to inquire price. But most of buyers purchased goods according to requirement..” Another tin trader said to SHMET.


More analysis please visit at http://en.shmet.com

SHMET History Data for the metal (from2001 to 2010) please visit at http://en.shmet.com/Data/Data.aspx?metal=7&year=2010

The Most authoritative non-ferrous metals index in China—SHMETX please check: http://en.shmet.com/PriceIndex/Shmetx.aspx

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.

Shanghai Precious Metals Quote(SHMET) More
Jul 07 2010
Metals Price Change Units
1#Silver 4150-4160 +10 RMB/KG
2#Silver 4140-4150 +10 RMB/KG
3#Silver 4130-4140 +10 RMB/KG
Gold 260-260.8 +2.5 RMB/G
Platinum 345-348 +4 RMB/G
Palladium 109-111 +3 RMB/G