SMM Tin Market Morning Review (2013-12-2)-Shanghai Metals Market

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SMM Tin Market Morning Review (2013-12-2)

Price Review & Forecast 09:37:44AM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – LME tin opened at USD 22,600/mt last Friday, finding day’s high of USD 22,869/mt and day’s low of USD 22,511/mt. The metal closed USD 53/mt higher at USD 22,750/mt. Falling unemployment rate and rising CPI in the euro zone in November suggest economy in the bloc is gathering momentum and drove LME tin up. Trading volumes dropped 168 lots to 268 lots, while positions increased 750 lots to 18,737 lots. LME tin inventories grew 90 mt to 10,905 mt.
  
LME tin is expected to move in a USD 22,600-23,000/mt price band on Monday, while spot tin in China will fluctuate between RMB 141,500-145,500/mt.
 

Key Words:  LME tin   China tin  

Price

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Gold(99.99%)
Apr.23
279.3
-1.0
(-0.35%)
Gold(99.95%)
Apr.23
279.3
-0.8
(-0.30%)
#1 Silver(99.99%)
Apr.23
3519.0
5.0
(0.14%)
Silver(99.95%)
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3504.0
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Silver(99.90%)
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3489.0
5.0
(0.14%)

SMM Tin Market Morning Review (2013-12-2)

Price Review & Forecast 09:37:44AM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – LME tin opened at USD 22,600/mt last Friday, finding day’s high of USD 22,869/mt and day’s low of USD 22,511/mt. The metal closed USD 53/mt higher at USD 22,750/mt. Falling unemployment rate and rising CPI in the euro zone in November suggest economy in the bloc is gathering momentum and drove LME tin up. Trading volumes dropped 168 lots to 268 lots, while positions increased 750 lots to 18,737 lots. LME tin inventories grew 90 mt to 10,905 mt.
  
LME tin is expected to move in a USD 22,600-23,000/mt price band on Monday, while spot tin in China will fluctuate between RMB 141,500-145,500/mt.
 

Key Words:  LME tin   China tin