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Home / Metal News / SMM Tin Market Morning Review (2014-6-30)

SMM Tin Market Morning Review (2014-6-30)

Jun 30, 2014 09:34

LME tin opened at USD 22,455/mt last Friday.

SHANGHAI, Jun. 30 (SMM) – LME tin opened at USD 22,455/mt last Friday. The metal touched day’s high USD 22,455/mt and day’s low of USD 22,232/mt before closing down USD 175/mt at USD 22,250/mt. Trading volumes gained 50 lots to 336 lots, with positions up 10 lots to 21,480 lots. Inventories grew 100 mt to 11,285 mt.

Investors will stay cautious before US non-farm payrolls for June are released later this week. LME tin should test support at USD 22,000/mt on Monday. In Shanghai physical tin market, mainstream traded prices are expected to follow LME tin down to RMB 137,500-140,000/mt.

LME tin prices

Shanghai tin prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SMM Tin Market Morning Review (2014-6-30)

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