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Home / Metal News / SMM Tin Market Morning Review (2015-5-7)

SMM Tin Market Morning Review (2015-5-7)

May 7, 2015 09:56

LME tin opened at USD 16,100/mt on Wednesday.

SHANGHAI, May 7 (SMM) –LME tin opened at USD 16,100/mt on Wednesday. The metal touched day’s high of USD 16,400/mt and day’s low of USD 16,050/mt before closing up USD 25/mt at USD 16,150/mt. Trading volumes were down 70 lots to 262 lots, and positions were down 192 to 19,569. Inventories fell 355 mt to 8,715 mt. LME tin should is expected to move between USD 16,000-16,400/mt on Thursday.

SHFE 1507 tin contract gained RMB 4,720/mt on Wednesday, but room for more gains will be limited. The contract should range RMB 122,000-124,000/mt on Thursday.

In domestic spot market, supply will remain tight and some downstream producers will actively replenish stocks. Mainstream traded prices are 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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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Aug 18, 2016 09:34

SMM Comments

LME Tin to Remain under Downward Pressure (2016-5-20)

LME tin will remain under downward pressure and test support at USD 16,300/mt on Friday.

May 20, 2016 09:32

SMM Comments

Brisk Trading Expected in Shanghai Spot Tin Market (2016-5-11)

Market will eye China April social financing and lending data.

May 11, 2016 09:59

SMM Comments

About 45% Chinese Tin Smelters See Tin Prices Fall This Week: SMM Survey

May 10, 2016 10:25

SMM Comments

LME Tin to Lack further Upward Momentum (2016-3-24)

LME tin hit a new high yesterday, but rally of US dollar will deprive LME tin of further upward momentum.

Mar 24, 2016 09:18

SMM Comments

SHFE Tin to Hover at Lows (2016-2-26)

SHFE 1605 tin lost support at the 5-day moving average during Thursday’s night session due to profit-taking by longs, and should stay weak at RMB 103,000-105,000/mt on Friday.

Feb 26, 2016 09:42

SMM Comments

LME Tin to Face Downward Pressure from Stronger US Dollar (2015-12-17)

As expected, the US Fed raised federal fund rate to 0.25%-0.50%, its first hike in nearly a decade.

Dec 17, 2015 09:58

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

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

Oct 23, 2015 09:40

SMM Comments

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SMM Tin Market Morning Review (2015-5-7)

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