Home / Metal News / Lead / SMM Tin Market Morning Review (2014-3-18)
SMM Tin Market Morning Review (2014-3-18)
Mar 18,2014 09:15CST
price review forecast
Source:SMM
Upbeat US economic data drove tin prices up on Monday.

SHANGHAI, Mar. 18 (SMM) – Upbeat US economic data drove tin prices up on Monday. New York’s manufacturing activity improved mildly in March, and US industrial output in February expanded at its fastest pace since last August. LME tin opened Monday at USD 22,950/mt. The metal found days’ low of USD 22,801/mt and day’s high of USD 23,000/mt before finishing USD 26/mt higher at USD 22,951/mt. Trading volumes added 14 lots from a day earlier to 147 lots, while positions also increased 145 lots to 22,885 lots. Inventories grew 20 mt to 9,105 mt.   
 
Investors will closely watch developments in the Ukraine crisis. LME tin should move sideways around USD 23,000/mt on Tuesday. Spot tin prices in Shanghai are expected between RMB 139,000-141,500/mt.

 

LME tin prices
Shanghai tin prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news