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SHMET Spot Market Briefing 20100712-Tin

Shanghai Spot Metal Quote (SHMET)

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Jul 12 2010

Metals

Price(RMB/T)

Change

b/c

Copper

53900-54200

0

b 50/b 150

Aluminum

14660-14700

0

c 50/c 10

Lead

14800-15000

+100

 

1#Zinc

15100-15200

+100

c 185/c 85

0#Zinc

15150-15250

+100

c 135/c 35

Tin

138000-139500

0

 

Nickel

154500-155500

+500

 


 


Report by SHMET

Tin
China’s spot Tin is quoted from RMB 138000 to 139500 per tonne, flat. Yunnan Tin is quoted at RMB 139500 per tonne. Feidie, Jinhai, Kaiyuan and Jinlong Tin are quoted at RMB 138000 per tonne. LME Tin has continued to rebound under the overall metal market. But pressed by MA, it is hard to go up. The domestic sales is poor. The rising price made downstream consumers take look-on attitude and traders are difficult to sell more goods.

“ We have only sold 5 tonnes of goods at RMB 138000 per tonne today. The transaction is mainly between traders on the marekt. We are all taking bearish attitude toward to the near-future market, but we are not pessimistic about it, neither. The consumption is poor. The rising LME market hasn’t taken obvious effect on domestic spot price. Although LME market is in the upward trend today, traders has quoted lower price than before. All of them are very prudent.” A tin trader said to SHMET.

“ There are much goods on the marekt today. Our selling pressure is large. We think it attributed to weak tin price. The trading price is mainly between RMB 138000 and 139000 per tonne in these days. We think the consolidating situation will be continued in the short-term. We have sold Jinlong, Feidie and Kaiyuan Tin at RMB 138000 per tonne today. We are unwilling to sell them below this price.” 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)

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Jul 12 2010

Metals

Price

Change

Units

1#Silver

4185-4195

+15

RMB/KG

2#Silver

4175-4185

+15

RMB/KG

3#Silver

4165-4175

+15

RMB/KG

Gold

263.42-263.5

+2.24

RMB/G

Platinum

350-353

+2

RMB/G

Palladium

112.5-114.5

+2.5

RMB/G