SMM Tin Market Morning Review (2014-10-8)

SHANGHAI, Oct. 8 (SMM) – LME tin prices fell to USD 20,100/mt by the end of September, but presented a brief rebound during the first week of October when China’s market was closed for the National Day holiday.

LME tin opened at an intraday high of USD 20,505/mt on October 7, dipping as low as USD 20,300/mt before ending at USD 20,399/mt, losing USD 101/mt. Trading volumes were up 103 lots to 194 lots, with positions down 42 lots to 22,417 lots. LME tin stocks were 9,270 mt.

In Shanghai spot tin market, mainstream traded prices are expected to remain stable between RMB 138,000-140,000/mt on October 8.