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

May 14, 2015 09:56

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 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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

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

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025