SMM Morning Review - 2010/12/27 Tin Market-Shanghai Metals Market

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SMM Morning Review - 2010/12/27 Tin Market

SMM Insight 09:27:36AM Dec 27, 2010 Source:SMM

SHANGHAI, Dec. 27 (SMM) -- LME tin prices opened at USD 26,700/mt last Friday and closed at USD 26,800/mt, unchanged from a day earlier, with the highest price at USD 26,800/mt and the lowest price at USD 26,650/mt. Daily trading volumes were 78 lots and positions were 20,240 lots. LME tin inventories were 15,610 mt, up by 85 mt. Cancelled warrants were 615 mt, accounting for 3.94% of total trading volumes. LME base metal prices closed at record high amid thin trading volumes last Friday, with prices fluctuating narrowly.

Market risk appetite is affected by many factors, such as European financial crisis, uncertainties of additional stimulus measures from the US, concern over China’s further monetary policy as well as launch of physically-backed ETFs. LME tin prices will continue be backed by global supply shortage.

LME market will be closed on December 27th.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

 

Key Words:  tin  tin price  

SMM Morning Review - 2010/12/27 Tin Market

SMM Insight 09:27:36AM Dec 27, 2010 Source:SMM

SHANGHAI, Dec. 27 (SMM) -- LME tin prices opened at USD 26,700/mt last Friday and closed at USD 26,800/mt, unchanged from a day earlier, with the highest price at USD 26,800/mt and the lowest price at USD 26,650/mt. Daily trading volumes were 78 lots and positions were 20,240 lots. LME tin inventories were 15,610 mt, up by 85 mt. Cancelled warrants were 615 mt, accounting for 3.94% of total trading volumes. LME base metal prices closed at record high amid thin trading volumes last Friday, with prices fluctuating narrowly.

Market risk appetite is affected by many factors, such as European financial crisis, uncertainties of additional stimulus measures from the US, concern over China’s further monetary policy as well as launch of physically-backed ETFs. LME tin prices will continue be backed by global supply shortage.

LME market will be closed on December 27th.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

 

Key Words:  tin  tin price