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SMM Tin Market Morning Review (2013-7-12)
Jul 12,2013 10:02CST
price review forecast
Source: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.

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. 

 
On Friday, spot tin prices are expected to move between RMB 136,500-138,000/mt. 
 
LME tin price

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