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Home / Metal News / SMM Tin Market Morning Review (2015-5-18)

SMM Tin Market Morning Review (2015-5-18)

iconMay 18, 2015 10:39
LME tin opened at USD 15,815/mt last Friday.
SHANGHAI, May 18 (SMM) –LME tin opened at USD 15,815/mt last Friday. The metal touched day’s high of USD 15,950/mt and day’s low of USD 15,710/mt before closing up USD 85/mt at USD 15,840/mt. Trading volumes were down 100 lots to 122 lots, and positions were up 213 to 19,576. Inventories grew 20 mt to 8,565 mt. LME tin should move between USD 15,600-16,000/mt on Monday amid a relatively quiet macro front.  
 
SHFE 1507 tin contract is expected to move between RMB 118,500-120,500/mt.
 
In domestic spot market, trading will remain light, and mainstream traded prices are expected to fall slightly to RMB 117,500-120,000/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.

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