SMM Tin Market Morning Review (2015-3-3)

SHANGHAI, Mar. 3 (SMM) – LME tin overnight started at USD 17,925/mt and then hovered between USD 17,655-18,000/mt before ending down USD 270/mt at USD 17,725/mt. Trading volumes for three-month tin on the London Metal Exchange decreased 189 lots to 191 lots, while positions remained unchanged at 20,570. LME tin inventories edged down 5 mt to 10,875 mt.

Markets will continue to pay attention to the annual sessions of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC), Germany’s real retail sales as well as the euro zone’s PPI on Tuesday. LME tin is expected to move between USD 17,600-18,000/mt, while spot tin in China should trade slightly lower between RMB 124,000-127,000/mt.