SMM Tin Market Morning Review (2015-6-18)

Published: Jun 18, 2015 09:20

Save

LME tin prices started at USD 14,700/mt Wednesday and closed USD 140/mt higher at USD 14,750/mt.

SHANGHAI, Jun. 18 (SMM) – LME tin prices started at USD 14,700/mt Wednesday and closed USD 140/mt higher at USD 14,750/mt, with high end price at USD 14,835/mt and low end at USD 14,595/mt. Trading volumes were 146 lots and positions fell by 715 to 19,182. LME tin inventories dropped 715 mt to 6,715 mt.

The Fed held the benchmark interest rate unchanged following June’s policy meeting, but reiterated that the US economy is recovering. The US dollar index dropped.

LME tin prices have found solid support from USD 14,600/mt Spot tin prices in Chinese market may hold steady at RMB 112,000-114,000/mt on limited low-priced goods.

lme tin prices 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.

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

5 hours ago

China Inventory Continued to Increase, SHFE Zinc Fluctuated Downward [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2604 contract opened at 23,930 yuan/mt. In early trading, SHFE zinc briefly rose to a high of 23,970 yuan/mt, then bulls reduced open interest, dragging the price center lower and leaving it in the doldrums. It touched a low of 23,820 yuan/mt during the session and finally closed down at 23,880 yuan/mt, down 25 yuan/mt, or 0.1. Trading volume fell to 29,661 lots, while open interest decreased by 531 lots to 76,786 lots.

5 hours ago

Geopolitical Turmoil Resurfaces, LME Zinc Comes Under Pressure [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: Geopolitical Turmoil Resurfaced, LME Zinc Came Under Pressure] Overnight, LME zinc opened at $3,297.5/mt. In early trading, bears increased open interest, dragging the center of LME zinc lower as it fluctuated downward throughout the session, and it hit an intraday low of $3,255/mt during European trading hours. The center then rebounded. Trading was suspended for about three hours due to technical issues during the period. After reopening, LME zinc touched a high of $3,306.5/mt, before the center moved lower again, and it finally closed down at $3,279/mt, down $14.5/mt, a decline of 0.44%. Trading volume increased to 7,502 lots, and open interest rose by 2,947 lots to 218,000 lots.

5 hours ago

22 hours ago

Data: SHFE, DCE market movement (Mar 16)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 16 Mar , 2026

22 hours ago