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SMM Tin Market Morning Review (2014-6-27)
Jun 27,2014 09:16
CSTprice review forecast
Source:SMM
LME tin opened at USD 22,401/mt on Thursday.
SHANGHAI, Jun. 27 (SMM) – LME tin opened at USD 22,401/mt on Thursday. The metal touched day’s high USD 22,539/mt and day’s low of USD 22,311/mt before closing down USD 20/mt at USD 22,425/mt. Trading volumes gained 37 lots to 286 lots, with positions up 93 lots to 21,470 lots. Inventories grew 85 mt to 11,185 mt.
Investors will stay cautious before June Consumer Confidence Index in the US and euro zone is released today. LME tin should test support at USD 22,400/mt on Friday. In Shanghai physical tin market, mainstream traded prices are expected to hold stable between RMB 138,000-140,000/mt.
LME tin prices
Shanghai tin prices
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