SMM Tin Market Daily Review (2015-6-16)

Published: Jun 17, 2015 09:38 (GMT+8)

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Spot tin prices were RMB 112,500-114,000/mt Tuesday.

SHANGHAI, Jun. 17 (SMM) – The most active SHFE tin contract opened at RMB 112,390/mt on Tuesday and rose briefly but failed to break through RMB 112,650/mt. The prices fell sharply in the afternoon and ended the session at RMB 111,700/mt, down RMB 1,590/mt, or 1.4%. Positions declined to 3,668 and trading volumes fell by 110 lots to 1,166 lots. SHFE 1509 tin contract positions were growing.

Spot tin prices were RMB 112,500-114,000/mt Tuesday. Supply was limited, and goods of Yunnan Tin traded at RMB 113,500-114,000/mt. Prices of other brands, including Yunheng, Yunshan, Yunxiang and Tianti, were RMB 112,500-112,800/mt. Downstream buyers rarely purchased. Prices fell further in the afternoon, with some products from Yunnan offered at RMB 111,500/mt.

spot 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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