SMM Tin Market Morning Review (2015-3-11)

Published: Mar 11, 2015 09:38

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LME tin should continue to test support at USD 17,600/mt and hover between USD 17,600-17,970/mt, while spot tin prices in China should hold flat between RMB 122,500-126,500/mt.

SHANGHAI, Mar. 11 (SMM) – LME tin overnight started at USD 18,125/mt and then moved between USD 17,780-18,125/mt before ending down USD 325/mt at USD 17,800/mt on Tuesday. Trading volumes for three-month tin on the London Metal Exchange decreased 40 lots to 135 lots, while positions gained 239 to 20,984. LME tin inventories added 65 mt to 10,675 mt.

On Wednesday, LME tin should continue to test support at USD 17,600/mt and hover between USD 17,600-17,970/mt, while spot tin prices in China should hold flat between RMB 122,500-126,500/mt.

LME tin prices spot tin prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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