[brief Review of Tin in SMM] the influence of long and empty Power on the first suppression and then rise of Xi in Shanghai

Published: May 15, 2020 17:15

SMM, 15 May:

Shanghai main tin 2007 contract last night after the opening of 129570 yuan / ton, the beginning of the market by short positions and long reduction, all the way to a daily low of 127810 yuan / ton to maintain a shock around 128400 yuan / ton below the daily average line. After the opening of 128610 yuan / ton in early trading today, the short force reduced its position, gradually pushing up the overall concussion and upward trend of tin prices in Shanghai, and finally closed with 129240 yuan / ton, showing a small negative line, with the physical part located near the 10-day moving average, and the lower shadow line was supported by the 20-day moving average. Shanghai tin support is expected to be around the 20-day moving average of 127000 yuan / ton. The delivery price of the Shanghai tin 2005 contract is 133900 yuan per ton today, with a delivery volume of 510 lots.

Scan QR code, apply to join SMM metal communication group, please indicate company + name + main business

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Data: SHFE, DCE market movement (May 08)
10 hours ago
Data: SHFE, DCE market movement (May 08)
Read More
Data: SHFE, DCE market movement (May 08)
Data: SHFE, DCE market movement (May 08)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 08 May , 2026
10 hours ago
Global Tech Giants Court SK Hynix with Investment, Financing Proposals for Memory Chips
17 hours ago
Global Tech Giants Court SK Hynix with Investment, Financing Proposals for Memory Chips
Read More
Global Tech Giants Court SK Hynix with Investment, Financing Proposals for Memory Chips
Global Tech Giants Court SK Hynix with Investment, Financing Proposals for Memory Chips
As major global technology companies rush to buy memory chips, SK Hynix is being actively courted by these companies, which have proposed plans to invest in its new production lines and finance the purchase of expensive manufacturing equipment. According to six people familiar with the matter, the company's clients have presented multiple partnership proposals to the South Korean chipmaker, including investing in the construction of dedicated memory production lines. Three other people familiar with the matter said another proposal involves clients providing financing for equipment purchases, such as ASML's extreme ultraviolet lithography machines. These machines are used to etch circuits on wafers and are worth hundreds of millions of dollars. The chipmaker is reportedly cautious about accepting financial commitments from clients, as such deals could make it beholden to specific buyers and force it to supply chips at lower prices in exchange for longer-term, more stable revenue guarantees.
17 hours ago
[SMM Tin Flash:Eloro Resources has more than doubled the tin resource estimate at its Iska Iska project. ]
17 hours ago
[SMM Tin Flash:Eloro Resources has more than doubled the tin resource estimate at its Iska Iska project. ]
Read More
[SMM Tin Flash:Eloro Resources has more than doubled the tin resource estimate at its Iska Iska project. ]
[SMM Tin Flash:Eloro Resources has more than doubled the tin resource estimate at its Iska Iska project. ]
Canadian exploration company Eloro Resources (TSX: ELO) announced that the tin resources at its Iska Iska polymetallic (silver-zinc-tin-gold) deposit in Bolivia have more than doubled. According to the company’s report, the tin content of the deposit has increased by 107.7% compared to the 2023 Mineral Resource Estimate (MRE). With total contained tin resources now reaching 290,000 metal tonnes at a grade of 0.03% Sn, it ranks as the fourth-largest tin resource in South America. Geologically, the tin resources are primarily concentrated in two key mineralized domains. The majority is located within the Polymetallic Domain 2 (containing 145,000 tonnes at 0.02% Sn) and the Tin Domain (containing 62,000 tonnes at 0.20% Sn). The company has also upgraded portions of the silver, zinc, and lead
17 hours ago