SMM Tin Market Morning Review (2015-3-13)

Mar 13, 2015 09:53

LME tin is expected to hover between USD 17,000-17,500/mt, while spot tin in China should trade between RMB 121,500-125,500/mt.

SHANGHAI, Mar. 13 (SMM) – LME tin overnight started at USD 17,430/mt and then hovered between USD 17,190-17,610/mt before ending down USD 160/mt at USD 17,290/mt. Trading volumes for three-month tin on the London Metal Exchange gained 42 lots to 335 lots, while positions increased 95 to 20,992. LME tin inventories rose 10 mt to 10,615 mt on Thursday.

US PPI and the University of Michigan’s Consumer Sentiment Index will be released on Friday. LME tin is expected to hover between USD 17,000-17,500/mt, while spot tin in China should trade between RMB 121,500-125,500/mt.

LME tin prices

spot tin prices

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SMM Tin Market Morning Review (2015-3-13)

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