Home / Metal News /  / SMM Tin Market Morning Review (2015-8-26)
SMM Tin Market Morning Review (2015-8-26)
Aug 26,2015 09:23CST
price review forecast
Source:SMM
LME tin opened at USD 14,135/mt on Tuesday.

SHANGHAI, Aug. 26 (SMM) –LME tin opened at USD 14,135/mt on Tuesday. The metal touched day’s high of USD 14,400/mt and day’s low of USD 14,100/mt before closing up USD 45/mt at USD 14,100/mt. Trading volumes were down 372 lots to 324 lots, and positions were up 110 to 21,101. Inventories fell 100 mt to 7,490 mt. China’s unexpected interest rate and RRR cuts drove a rally in base metals. LME tin should test support at USD 14,000/mt on Wednesday. 

SHFE 1509 tin contract should move between RMB 100,500-102,500/mt. In Shanghai spot market, mainstream traded prices are expected between RMB 102,500-104,500/mt. 




   




   


​Sn price
LME tin prices
Shanghai tin prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news