Home / Metal News / SMM Tin Market Morning Review (2015-5-12)

SMM Tin Market Morning Review (2015-5-12)

iconMay 12, 2015 09:31
LME tin opened at USD 16,050/mt on Monday.

  

SHANGHAI, May 12 (SMM) –LME tin opened at USD 16,050/mt on Monday. The metal touched day’s high of USD 16,110/mt and day’s low of USD 15,680/mt before closing down USD 270/mt at USD 15,730/mt. Trading volumes were up 5 lots to 175 lots, and positions were down 262 to 19,281. Inventories were fell 75 mt to 8,715 mt. LME tin is expected to move between USD 15,600-16,000/mt on Tuesday.  
 
SHFE 1507 tin contract lost RMB 1,500/mt during Monday’s night session. The contract is expected to fall further to RMB 119,000-121,000/mt on Tuesday. 
 
In domestic spot market, suppliers will hold back goods, while downstream producers will show little buying interest. Mainstream traded prices are expected between RMB 119,000-121,000/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

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

Related news

SMM Events & Webinars

All