SMM Tin Market Morning Review (2015-9-30)-Shanghai Metals Market

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SMM Tin Market Morning Review (2015-9-30)

Price Review & Forecast 09:50:06AM Sep 30, 2015 Source:SMM

SHANGHAI, Sept. 30 (SMM) –The US will release ADP employment report and non-farm payrolls data tonight. LME tin should move between USD 15,050-15,600/mt on Wednesday. During Tuesday’s night session, SHFE 1601 tin hit a session low of RMB 97,010/mt, but then rallied before ending up RMB 980/mt at RMB 98,080/mt. The most active SHFE tin contract should stay high between RMB 97,500-98,500/mt on Wednesday. In China’s spot market, supply of first-tier and second-tier brand goods will be plentiful, while supply of third-tier brand goods will be tight. Mainstream traded prices are expected to hold stable between RMB 96,000-98,000/mt on the last day before Chinese holiday. 



   


SMM Tin Market Morning Review (2015-9-30)

Price Review & Forecast 09:50:06AM Sep 30, 2015 Source:SMM

SHANGHAI, Sept. 30 (SMM) –The US will release ADP employment report and non-farm payrolls data tonight. LME tin should move between USD 15,050-15,600/mt on Wednesday. During Tuesday’s night session, SHFE 1601 tin hit a session low of RMB 97,010/mt, but then rallied before ending up RMB 980/mt at RMB 98,080/mt. The most active SHFE tin contract should stay high between RMB 97,500-98,500/mt on Wednesday. In China’s spot market, supply of first-tier and second-tier brand goods will be plentiful, while supply of third-tier brand goods will be tight. Mainstream traded prices are expected to hold stable between RMB 96,000-98,000/mt on the last day before Chinese holiday.