SMM Tin Market Daily Review (2015-5-5)

Published: May 06, 2015 09:22 (GMT+8)

Save

In Shanghai spot tin market, supply was limited and some speculators entered the market to stockpile goods for hedging on the SHFE.

SHANGHAI, May 6 (SMM) –In Shanghai spot tin market, supply was limited and some speculators entered the market to stockpile goods for hedging on the SHFE. This helped mainstream traded prices rise to RMB 116,000-117,500/mt on Tuesday. Goods from Yunnan Tin Group traded at RMB 117,500/mt. However, buying cooled after SHFE 1507 tin contract dived.

Shanghai 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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn