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

SHANGHAI, Jun. 19 (SMM) – SHFE 1507 tin contract prices hovered near RMB 112,200/mt during night trading Wednesday and closed at RMB 112,200/mt.

The most active SHFE tin contract opened at RMB 112,390/mt Thursday and increased on falling short positions. In the afternoon, the prices stabilized and ended at RMB 112,510/mt, gaining RMB 780/mt. Positions rose to 3,462 and trading volumes were 768 lots.

Spot tin prices held steady at RMB 111,800-113,000/mt on Thursday. Goods of Yunnan Tin traded at RMB 112,500-113,000/mt, and those of some other brands from Yunnan were about RMB 112,000-112,500/mt. Spot supply remained limited, but some traders reported improving transactions.