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SMM Tin Market Morning Review (2014-6-10)
Jun 10, 2014 09:33LME tin opened at USD 23,090/mt on Monday.
SHANGHAI, Jun. 10 (SMM) – LME tin opened at USD 23,090/mt on Monday. Markets continued to digest better-than-expected US non-farm payrolls for May, helping LME tin close USD 20/mt higher at USD 23,170/mt.
China will release CPI and PPI data today. LME tin should be range-bound between USD 23,000-23,500/mt on Tuesday. In Shanghai physical tin market, soft demand will persist, with prices expected between RMB 139,000-140,500/mt.
LME tin prices
Shanghai tin prices
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