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Home / Metal News / SMM Tin Market Morning Review (2015-3-20)

SMM Tin Market Morning Review (2015-3-20)

Mar 20, 2015 09:12

Source:SMM

LME tin opened at USD 16,850/mt on Thursday.

SHANGHAI, Mar. 20 (SMM) – LME tin opened at USD 16,850/mt on Thursday. The metal touched day’s high of USD 17,050/mt and day’s low of USD 16,850/mt before closing up USD 95/mt at USD 16,945/mt. Trading volumes decreased 153 lots to 237 lots, and positions up 217 to 20,479. Inventories were unchanged at 10,180 mt. The price rise was due to upward correction after sharp declines. LME tin should range USD 16,700-17,100/mt on Friday.

Tin prices in Shanghai continued to fall on Thursday, keeping buyers cautious. Demand will remain slack on Friday, with prices expected between RMB 119,500-123,500/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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About 40% of Chinese tin smelters surveyed by SMM expect tin prices to fall this week.

Mar 29, 2016 10:03

SMM Comments

About 30% of Chinese Tin Smelters See Tin Prices Rise This Week: SMM Survey

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Mar 22, 2016 10:33

SMM Comments

SHFE Tin to Face Downward Pressure (2016-3-22)

SHFE 1605 tin hit a high of RMB 110,480/mt during Monday’s night session, but then fell back to below the 10-day moving average.

Mar 22, 2016 09:28

SMM Comments

About 35% of Chinese Tin Smelters Expect Tin Prices to Fall This Week: SMM Survey

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Feb 16, 2016 10:41

SMM Comments

LME Tin Faces Strong Downward Pressure (2016-1-13)

LME tin will look for support at USD 13,000/mt on Wednesday.

Jan 13, 2016 09:42

SMM Comments

SHFE Tin to Outperform LME Tin (2016-1-11)

SHFE tin will fare better than LME tin on Monday.

Jan 11, 2016 09:44

SMM Comments

SMM Tin Market Morning Review (2015-11-9)

LME tin opened at USD 14,665/mt on Friday.

Nov 9, 2015 10:16

SMM Comments

SMM Tin Market Morning Review (2015-10-29)

LME tin opened at USD 15,415/mt on Wednesday.

Oct 29, 2015 09:52

SMM Comments

SMM Tin Market Morning Review (2015-10-23)

LME tin opened at USD 15,945/mt on Thursday.

Oct 23, 2015 09:40

SMM Comments

SMM Tin Market Daily Review (2015-9-23)

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Sep 24, 2015 09:00

SMM Comments

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SMM Tin Market Morning Review (2015-3-20)

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