SMM Tin Market Morning Review (2013-7-2)

Jul 2, 2013 10:38

LME tin prices overnight opened at USD 19,651/mt, with the high end of the price range USD 19,950/mt, and finding support at USD 19,625/mt.

SHANGHAI, Jul. 2 (SMM) – LME tin prices overnight opened at USD 19,651/mt, with the high end of the price range USD 19,950/mt, and finding support at USD 19,625/mt. Finally, LME tin prices closed at USD 19,900/mt, up USD 151/mt. Trading volumes decreased by 198 lots, to 273 lots, and total position decreased by 383 lots, to 21,316 lots. Inventories fell by 30 mt, to 14,290 mt.

A weakening US dollar index pushed up base metals prices. US June manufacturing PMI rebounded, and construction spending in May hit a four-year high, boosting market confidence. The sluggish China's June PMI did not affect tin prices significantly.

LME tin prices should encounter resistance at USD 20,000/mt but find support at USD 19,500/mt today, and spot prices in Shanghai should hover between RMB 138,000-140,000/mt.

tin prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SMM Tin Market Morning Review (2013-7-2)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025