SMM Tin Market Morning Review (2015-6-17)

Published: Jun 17, 2015 09:57

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LME tin prices opened at USD 14,800/mt Tuesday and closed down USD 220/mt at USD 14,610/mt.

SHANGHAI, Jun. 17 (SMM) – LME tin prices opened at USD 14,800/mt Tuesday and closed down USD 220/mt at USD 14,610/mt, with high end price at USD 14,845/mt and low end at USD 14,315/mt. Trading volumes were 162 lots and positions fell by 232 to 19,897. LME tin inventories dropped 140 mt to 7,205 mt.

SHFE tin gapped lower at RMB 111,720/mt Monday night and rose to RMB 112,000/mt helped by growing long positions. The prices ended down RMB 760/mt. Trading volumes were 608 lots and positions grew 18.

SHFE tin prices are expected to move at RMB 110,500-112,500/mt June 17, and spot tin in Chinese market may trade at RMB 112,000-114,000/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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