SMM Tin Market Daily Review (2015-8-12)

Published: Aug 13, 2015 09:26 (GMT+8)
The across-the-board decline in SHFE base metals sparked strong wait-and-see mood in Shanghai spot tin market.

SHANGHAI, Aug. 13 (SMM) –The across-the-board decline in SHFE base metals sparked strong wait-and-see mood in Shanghai spot tin market. As a result, mainstream traded prices dropped to RMB 107,500-109,000/mt on August 12. Goods from Yunnan Tin Group traded at RMB 108,500-109,000/mt. 





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 for 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
SHFE zinc stopped rising and started to fall overnight, but the center remained at a high level [SMM Zinc Morning Comment]
38 mins ago
SHFE zinc stopped rising and started to fall overnight, but the center remained at a high level [SMM Zinc Morning Comment]
Read More
SHFE zinc stopped rising and started to fall overnight, but the center remained at a high level [SMM Zinc Morning Comment]
SHFE zinc stopped rising and started to fall overnight, but the center remained at a high level [SMM Zinc Morning Comment]
[SMM zinc morning comment] Overnight SHFE zinc stopped rising and started to fall, with support from the middle Bollinger Band below. Overnight social inventory increased by another 2,100 mt, and spot market trading was weak at high zinc prices......
38 mins ago
Bears increase positions to pressure prices, LME zinc stops rising and starts to fall [SMM Morning Meeting Summary]
40 mins ago
Bears increase positions to pressure prices, LME zinc stops rising and starts to fall [SMM Morning Meeting Summary]
Read More
Bears increase positions to pressure prices, LME zinc stops rising and starts to fall [SMM Morning Meeting Summary]
Bears increase positions to pressure prices, LME zinc stops rising and starts to fall [SMM Morning Meeting Summary]
[SMM Morning Meeting Summary: Bears Increased Positions to Pressure LME Zinc, Which Stopped Rising and Started to Fall] Overnight, LME zinc recorded a small bearish candlestick, with moving averages below providing support and the MACD bearish candlestick narrowing. Overnight, the US dollar index strengthened, coupled with the US Fed further releasing signals of interest rate hikes...
40 mins ago
[Zinc ingot inventory increased on Monday, SHFE zinc consolidated at highs [SMM Zinc Futures Briefing]]
15 hours ago
[Zinc ingot inventory increased on Monday, SHFE zinc consolidated at highs [SMM Zinc Futures Briefing]]
Read More
[Zinc ingot inventory increased on Monday, SHFE zinc consolidated at highs [SMM Zinc Futures Briefing]]
[Zinc ingot inventory increased on Monday, SHFE zinc consolidated at highs [SMM Zinc Futures Briefing]]
[Monday zinc ingot inventory recorded an increase, SHFE zinc consolidated at highs] The most-traded SHFE zinc 2611 contract opened at 26,750 yuan/mt. After the open, SHFE zinc briefly rose to touch a high of 26,885 yuan/mt, then consolidated at highs and pulled back to near the daily average, dipping to a low of 26,680 yuan/mt near the close, and finally settled down at 26,710 yuan/mt, down 35 yuan/mt.....
15 hours ago