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

Published: May 15, 2015 09:26

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On Thursday, SHFE 1507 tin contract fell to RMB 117,800/mt.

SHANGHAI, May 15 (SMM) –On Thursday, SHFE 1507 tin contract fell to RMB 117,800/mt, but then rallied to RMB 119,500/mt as bears exited, and finally ended down RMB 1,200/mt at RMB 119,570/mt. Trading volumes totaled 31,286 lots, and positions were up 66 to 7,222.

Tin prices in Shanghai spot market tracked SHFE tin down on Thursday. Some sold as low as RMB 118,000/mt. Downstream buyers showed little interest out of bearishness.

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.

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