SMM Tin Market Morning Review (2015-5-14)

Published: May 14, 2015 09:56

Save

LME tin opened at USD 15,900/mt on Wednesday.

SHANGHAI, May 14 (SMM) –LME tin opened at USD 15,900/mt on Wednesday. The metal touched day’s high of USD 16,000/mt and day’s low of USD 15,700/mt before closing down USD 100/mt at USD 15,800/mt. Trading volumes were up 99 lots to 182 lots, and positions were up 32 to 19,352. Inventories were unchanged at 8,590 mt. A softer US dollar and negative technical side will keep LME tin in check between USD 15,600-16,000/mt on Thursday.

SHFE 1507 tin contract found solid support at RMB 120,250/mt during Wednesday’s night session. Trading volumes totaled 21,432 lots, and positions were up 628 to 7,784. The contract is expected to hover around RMB 120,000/mt on Thursday.

In domestic spot market, trading will remain thin, and mainstream traded prices are expected between RMB 118,500-121,500/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 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 to learn more information, please contact: lemonzhao@smm.cn

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

Related News

1 hour ago

Panama to Allow First Quantum to Remove Copper Ore from Cobre Panama Mine

Panama’s government expects to issue a resolution by Tuesday allowing First Quantum Minerals to remove stockpiled ore from the closed Cobre Panama copper mine, Trade Minister Julio Molto said Monday.The mine holds about 38 million metric tons of stockpiled ore, which could yield roughly 70,000 tons of copper. First Quantum has said processing could begin about three months after formal approval and take around a year to complete.

1 hour ago

2 hours ago

Vizsla Copper Corp. Announced Expansion of Drilling at the Poplar Copper-Molybdenum Project in British Columbia

2 hours ago

Ruijin Approves 90,000 Tons High-Purity Cathode Copper Project by Jiangxi Jinna Copper Industry

Ruijin Municipal People's Government Website's Public Notice Column published the "Post-Approval Public Notice on the Construction Engineering Planning Permit for the Annual Output of 90,000 Tons of High-Purity Cathode Copper Renovation Project": Project Name: Annual Output of 90,000 Tons of High-Purity Cathode Copper Renovation Project; Construction Unit: Jiangxi Jinna Copper Industry Co., Ltd.; Construction Location: Extended Area of Changzheng Avenue, Ruijin Economic and Technological Development Zone; Approval Date: April 2, 2026.

2 hours ago