SMM Tin Market Morning Review (2013-7-3)

Jul 3, 2013 10:19

Source:SMM

LME tin prices overnight opened at USD 19,711/mt, with the high end of the price range USD 20,300/mt, and finding support at USD 19,711/mt.

SHANGHAI, Jul. 3 (SMM) – LME tin prices overnight opened at USD 19,711/mt, with the high end of the price range USD 20,300/mt, and finding support at USD 19,711/mt. Finally, LME tin prices closed at USD 20,006/mt, up USD 106/mt. Trading volumes increased by 292 lots, to 565 lots, and total position decreased by 258 lots, to 21,058 lots. Inventories fell by 50 mt, to 14,240 mt.

The strengthening US dollar index and concerns over Chinese demand weighed on the market, with LME tin prices encountering pressure at USD 20,000/mt.

LME tin prices will continue to test USD 20,000/mt level today, and spot prices in Shanghai should hover between RMB 138,000-140,000/mt.

LME tin prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

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 (2013-7-3)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit