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SMM Tin Market Morning Review (2015-5-20)
May 20,2015 10:10CST
price review forecast
Source:SMM
LME tin opened at USD 15,855/mt on Tuesday.
SHANGHAI, May 20 (SMM) –LME tin opened at USD 15,855/mt on Tuesday. The metal touched day’s high of USD 15,995/mt and day’s low of USD 15,795/mt before closing up USD 30/mt at USD 15,980/mt. Trading volumes were up 25 lots to 244 lots, and positions were down 326 to 19,099. Inventories fell 155 mt to 8,385 mt. The US dollar index rose on positive US economic data, preventing LME tin from rising sharply. LME tin should move between USD 15,500-16,000/mt on Wednesday. 
 
SHFE 1507 tin contract is expected to move between RMB 117,000-119,500/mt.     
 
In domestic spot market, mainstream traded prices are expected to fall to RMB 117,000-119,500/mt. Lower prices might stoke some buying interest. 
 
  
 
LME tin prices
Shanghai tin prices

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