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SMM Tin Market Morning Review (2015-5-12)
May 12,2015 09:31CST
price review forecast
Source:SMM
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

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