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Home / Metal News / SMM Tin Market Morning Review (2014-7-7)

SMM Tin Market Morning Review (2014-7-7)

Jul 7, 2014 09:15

LME tin opened at USD 22,950/mt last Friday.

SHANGHAI, Jul. 7 (SMM) – LME tin opened at USD 22,950/mt last Friday. The metal touched day’s high USD 22,950/mt and day’s low of USD 22,730/mt before closing down USD 150/mt at USD 22,750/mt. Trading volumes contracted 97 lots to 93 lots, with positions up 173 lots to 22,405 lots. Inventories were unchanged at 11,715 mt.

LME tin should fluctuate between USD 22,500-23,100/mt on Monday. In Shanghai physical tin market, mainstream traded prices are expected between RMB 139,000-140,500/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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