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Home / Metal News / SMM Tin Price Forecast (Apr. 16-20)

SMM Tin Price Forecast (Apr. 16-20)

Apr 16, 2012 13:59

Source:SMM

Spot tin prices dropped to RMB 166,500-169,000/mt last Friday in Shanghai, compared with RMB 168,500-170,000/mt a week earlier.

SHANGHAI, Apr. 16 (SMM) – Spot tin prices dropped to RMB 166,500-169,000/mt last Friday in Shanghai, compared with RMB 168,500-170,000/mt a week earlier, as traders lowered quotations to lure buying. Smelters reduced supply with high production costs caused by staying high tin ore prices. Though spot tin prices dropped continually, buying stayed weak in the face of weak demand, except a slight pick up on Thursday at low-end prices. Both buying and selling are depressed at the moment, waiting for a direction from the news side.

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tin ore

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[SMM afternoon comment on zinc in Shanghai: The market premium rose slightly, and the transaction was modest] On the whole, the transactions between traders are mainly dealt with the average price premium today. At the same time, affected by that, the market shipments with the market price decreased, and then some holders held up the price, so that the overall transaction was modest.

Apr 18, 2022 16:08

SMM Comments

Zinc in Shanghai: The Market Premium Rose Slightly, and the Transaction was Modest [SMM Afternoon Comment]

China's Tin Ore Imports Rose Sharply in January amid Recovered Supply in Myanmar

According to the data of the General Administration of Customs, P.R. China, China's tin ore imports in January and February were 39,989 mt and 19,755 mt respectively and increased significantly compared with the same period last year.

Mar 23, 2022 11:06

Analysis

China's Tin Ore Imports Rose Sharply in January amid Recovered Supply in Myanmar

SHFE Tin Hit a Record High, Some Smelters in Hubei Suspended Production for One Month amid the Environment Protection Inspection

LME tin contract prices have fluctuated rangebound since September 10 while SHFE tin stood firm. US Dollar fell slightly today. SHFE tin hit a record high of 266,190 yuan/mt after rising for four consecutive days. The open interest of SHFE tin rose 4,000 lots to 57,000 lots as of 10:29.

Sep 22, 2021 15:11

Analysis SMM Insight

SHFE Tin Hit a Record High, Some Smelters in Hubei Suspended Production for One Month amid the Environment Protection Inspection

Zinc Inventory Fell 4,000 mt on Week

Total zinc inventories across seven Chinese markets stood at 119,600 mt as of September 10, down 2,500 mt from September 6 and 4,000 mt from September 3.

Sep 10, 2021 17:17

Analysis

Inventories of finished products at zinc smelters lower at 30,200 mt in March

Inventories of finished products at zinc smelters fell 13,350 mt from a month ago to 30,200 mt in March, including 19,400 mt of zinc ingots and 10,800 mt of zinc alloy.

Apr 14, 2021 13:00

Analysis

Inventories of finished products at zinc smelters lower at 30,200 mt in March

Operating rate at lead smelters increased in March

Refined lead output in April is expected to remain largely unchanged from March. SMM expects operating rates at refined lead smelters in April to rise 0.56 percentage point month-on-month to 67.1%.

Apr 14, 2021 10:59

Analysis

Operating rate at lead smelters increased in March

Wider spot discount failed to boost purchases

Spot premiums in Shanghai rose to 70 yuan/mt on February 18 from zero ahead of CNY due to costs during CNY holidays. However, spot premiums turned into wide discounts as of February 25 as SHFE copper prices surged, which stood at around 250 yuan/mt, a decline of nearly 460%. This signified that investors were selling aggressively to generate cash amid cash flow issues. Downstream inquiries were brisk but sellers refrained from lowering their quotes, with spot discounts stabilising between 150-140 yuan/mt.

Mar 2, 2021 10:19

SMM Insight Analysis

Wider spot discount failed to boost purchases

Shanghai eyes smart manufacturing hub by 2021

It aims to establish a 130-billion-yuan industry from smart manufacturing

Jul 19, 2019 15:58

Industry

Shanghai eyes smart manufacturing hub by 2021

Yunnan's tin smelters to cut output on tight supply

Eight tin smelters in Gejiu city, Yunnan province, plan to cut production by at least 20% in 2018 as supplies of tin ore tightened

Mar 30, 2018 16:28

SMM Comments SMM Insight

Yunnan's tin smelters to cut output on tight supply

Active buying in aluminium market narrows spot discounts

Buying was active in the aluminium physical market on Tuesday February 27 with narrowing spot discounts, SMM learned.

Feb 27, 2018 17:33

SMM Comments

Active buying in aluminium market narrows spot discounts

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SMM Tin Price Forecast (Apr. 16-20)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit