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Home / Metal News / SMM Tin Market Morning Review (2014-10-24)

SMM Tin Market Morning Review (2014-10-24)

Oct 24, 2014 09:00

LME tin opened at USD 19,579/mt on Thursday.

SHANGHAI, Oct. 24 (SMM) – LME tin opened at USD 19,579/mt on Thursday. The metal touched day’s high of USD 19,600/mt and day’s low of USD 19,375/mt before closing down USD 41/mt at USD 19,459/mt. Trading volumes were down 29 lots to 108 lots, with positions up 104 lots to 22,400 lots. Inventories were unchanged 9,155 mt.

LME tin should test support at USD 19,000/mt and meet resistance at USD 19,600/mt on Friday. In Shanghai spot tin market, mainstream traded prices are expected between RMB 135,000-137,500/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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