SMM Tin Market Morning Review (2013-12-25)-Shanghai Metals Market

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SMM Tin Market Morning Review (2013-12-25)

Price Review & Forecast 09:35:50AM Dec 25, 2013 Source:SMM

SHANGHAI, Dec. 25 (SMM) – Trading activity on LME tin market was thin ahead of the Christmas holiday. LME tin opened at USD 22,880/mt on Tuesday, finding day’s high of USD 22,949/mt and day’s low of USD 22,850/mt. The metal ended USD 4/mt lower at USD 22,945/mt. Trading volumes shrank 23 lots to 99 lots, and positions also contracted 479 lots to 19,237 lots. LME tin inventories fell 205 mt to 10,005 mt.

Spot tin prices in China should remain stable between RMB 140,000-142,500/mt on Wednesday.

 

Key Words:  LME tin   China tin  

SMM Tin Market Morning Review (2013-12-25)

Price Review & Forecast 09:35:50AM Dec 25, 2013 Source:SMM

SHANGHAI, Dec. 25 (SMM) – Trading activity on LME tin market was thin ahead of the Christmas holiday. LME tin opened at USD 22,880/mt on Tuesday, finding day’s high of USD 22,949/mt and day’s low of USD 22,850/mt. The metal ended USD 4/mt lower at USD 22,945/mt. Trading volumes shrank 23 lots to 99 lots, and positions also contracted 479 lots to 19,237 lots. LME tin inventories fell 205 mt to 10,005 mt.

Spot tin prices in China should remain stable between RMB 140,000-142,500/mt on Wednesday.

 

Key Words:  LME tin   China tin