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Home / Metal News / SMM Tin Market Morning Review (2014-2-11)

SMM Tin Market Morning Review (2014-2-11)

iconFeb 11, 2014 09:41
Source:SMM
LME tin opened at USD 22,150/mt on Monday.

SHANGHAI, Feb. 11 (SMM) – LME tin opened at USD 22,150/mt on Monday. The metal ranged between day’s high of USD 22,250/mt and day’s low of USD 22,100/mt, and closed USD 21/mt higher at USD 22,106/mt. Trading volumes contracted 5 lots to 119 lots, but positions increased 325 lots to 18,817 lots. Inventories remained unchanged at 8,940 mt.

LME tin should continue to meet resistance at USD 22,400/mt and test support at USD 21,800/mt on Tuesday. Spot tin prices in Shanghai are expected between RMB 138,500-142,500/mt.

 

LME tin
Shanghai tin

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