Home / Metal News / Precious Metals / SMM Tin Market Morning Review (2014-8-7)
SMM Tin Market Morning Review (2014-8-7)
Aug 7, 2014 09:20CST
Source:SMM
LME tin moved lower after opening at USD 22,500/mt on Wednesday, and closed at an intraday low of USD 22,260/mt, down USD 145/mt.
SHANGHAI, Aug. 7 (SMM) – LME tin moved lower after opening at USD 22,500/mt on Wednesday, and closed at an intraday low of USD 22,260/mt, down USD 145/mt. Escalation of Russia-Ukraine tensions was largely blamed for the decline in LME tin prices. 
 
Heightened geopolitical tensions are expected to send LME tin down further to test support at USD 22,000/mt on Thursday. In Shanghai physical tin market, mainstream traded prices are expected between RMB 140,000-142,000/mt.  
 
 
 
LME tin prices
Shanghai tin prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news