SHFE Tin Ends Up RMB 120/mt (Aug. 19, 2015)

Published: Aug 19, 2015 17:30

Save

SHFE 1509 tin opened at RMB 106,650/mt on Wednesday.

SHANGHAI, Aug. 19 (SMM) –SHFE 1509 tin opened at RMB 106,650/mt on Wednesday. The metal rose to RMB 107,300/mt on exit of shorts, but then fell back to near RMB 106,960/mt. Finally, the contract and ended up RMB 120/mt or 0.11% at RMB 107,280/mt. Trading volumes were up 198 lots to 760 lots, and positions were down 162 lots to 1,364 lots. The price spread between spot and futures prices is too small, offering little room for arbitrage. This dampened trading activity. SHFE 1509 tin should test support at RMB 106,300/mt tonight.

Sn price 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

4 hours ago

Zambia Suspends Mopani Copper Mine Operations Over Safety Concerns

Zambia’s mining regulator said it had suspended operations at Mopani Copper Mines’ Mufulira mine after it failed to account for all its underground stuff.

4 hours ago

[SMM Analysis] China Accelerates the Construction of a Peripheral Copper Resource Supply Belt

[SMM Analysis: Key Anchor in Great Power Rivalry: The U.S. "Project Vault" and the Changing Resource Landscape in Latin America] Amid the current accelerated reshaping of the global resource competition landscape, China's copper concentrate import pattern is undergoing a profound structural transformation. The latest trade data from 2025 clearly outlines this trend: China is significantly enhancing its capacity to acquire copper concentrate resources from neighboring countries.

4 hours ago

5 hours ago

SMM Chinese New Year Holiday Price Update Notice

As the Chinese New Year holiday is around the corner, Shanghai Metals Market (SMM) hereby informs you of our metal price update arrangement during the holiday period to ensure you can make proper arrangements for your work and business.

5 hours ago