SMM Tin Market Morning Review (2013-7-12)

SHANGHAI, Jul. 12 (SMM) – LME tin started at USD 19,650/mt Thursday and increased due to Bernanke’s remark about the easing policy to hit a high of USD 19,820/mt. Later, the increased initial jobless claims ignited market concerns but still showed continued employment recovery. In response, LME tin prices fell back down to a low USD 19,502/mt before closing at USD 19,555/mt, USD 16/mt higher than a day earlier. Trading volumes increased 22 lots to 298 lots, while positions were 21,345 lots, up 99 lots. LME tin inventories remained unchanged at 14,410 mt.