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SMM Tin Market Morning Review (2014-4-1)
Apr 1, 2014 09:13Source:SMM
LME tin opened at USD 22,850/mt on Monday.
SHANGHAI, Apr. 1 (SMM) – LME tin opened at USD 22,850/mt on Monday. The metal found day’s high of USD 22,975/mt and day’s low of USD 22,800/mt, and ended USD 41/mt lower at USD 22,864/mt. Trading volumes contracted 29 lots from a day earlier to 162 lots, but positions added 152 lots to 22,245 lots. Inventories grew 10 mt to 9,555 mt.
China’s official manufacturing PMI for March will be in focus today. LME tin should remain range-bound on Tuesday. In Shanghai physical tin market, prices will remain weak between RMB 137,500-140,000/mt.
LME tin prices
Shanghai tin prices
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