SHFE Tin Closed Down RMB 840/mt (Jun. 3, 2015)

Published: Jun 3, 2015 17:08

Save

SHFE 1507 tin contract touched an intraday low of RMB 115,020/mt on Wednesday.

SHANGHAI, Jun. 3 (SMM) – SHFE 1507 tin contract touched an intraday low of RMB 115,020/mt on Wednesday. The contract ended the day down RMB 840/mt or 0.72% at RMB 115,680/mt. Trading volumes were down 574 lots to 3,306 lots, and positions were down 152 lots to 5,472 lots. Worries over falling demand in China overshadowed a weaker US dollar, sending prices down. The contract is expected to test support at RMB 115,000/mt in the near term.

SHFE 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

17 hours ago

Nickel Prices Plunge, Dampening Market Confidence and Affecting Stainless Steel Demand

[SMM Nickel Flash] March 19 News: Supply side, as nickel prices pulled back sharply under pressure from macro sentiment, market confidence was dampened, and some upstream quotations loosened noticeably. Demand side, stainless steel prices were unlikely to rise, and amid the pullback in sentiment, intended prices from downstream steel mills also fell, with some low-priced transactions seen in the market. Overall, the sharp drop in nickel prices dragged on market confidence, and the price center of high-grade NPI pulled back.

17 hours ago

SMM Nickel Flash: High-Grade NPI Sentiment Rises Across Upstream, Downstream Sectors in March

[SMM Nickel Flash] News on March 19: The SMM high-grade NPI market sentiment factor was 2.24, up 0.05 MoM; the upstream high-grade NPI sentiment factor was 2.88, up 0.07 MoM; and the downstream high-grade NPI sentiment factor was 1.59, up 0.02 MoM.

17 hours ago

18 hours ago

Data: SHFE, DCE market movement (Mar 19)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 19 Mar , 2026

18 hours ago