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SMM Tin Market Morning Review (2015-5-5)

iconMay 5, 2015 09:56
The ISM’s US non-manufacturing PMI for April will be released tonight.

 

SHANGHAI, May 5 (SMM) – The ISM’s US non-manufacturing PMI for April will be released tonight. LME tin has found solid support, and is expected to move between USD 15,800-16,300/mt today.  
 
SHFE 1507 tin contract should move remain strong between RMB 117,000-119,000/mt on Tuesday. 
 
In domestic spot market, supply will cheap goods will be tight, with mainstream traded prices expected between RMB 115,500-117,500/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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