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Home / Metal News / SMM Tin Market Morning Review (2015-10-8)

SMM Tin Market Morning Review (2015-10-8)

Oct 8, 2015 09:17

LME tin opened at USD 15,775/mt on Wednesday.

SHANGHAI, Oct. 8 (SMM) –LME tin opened at USD 15,775/mt on Wednesday. The metal touched day’s high of USD 16,025/mt and day’s low of USD 15,750/mt before closing up USD 215/mt at USD 15,940/mt. Trading volumes were down 58 lots to 294 lots, and positions were up 291 to 20,259. Inventories grew 40 mt to 4,650 mt. The US dollar index took a hit from depressed US non-farm payrolls, favoring base metals. Indonesia exported 6,392 mt of tin in September. LME tin inventories fell to less than 5,000 mt, also supporting LME tin prices. LME tin should challenge resistance at USD 16,000/mt on Thursday.

SHFE 1601 tin should follow LME tin up to RMB 97,000-99,000/mt today. In China’s spot market, mainstream traded prices are expected between RMB 97,000-99,000/mt.

Sn price

LME tin prices

Shanghai tin prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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The US dollar will remain weak as minutes of the US Fed’s latest meeting showed no strong stance of rate hike.

Aug 18, 2016 09:34

SMM Comments

LME Tin to Remain under Downward Pressure (2016-5-20)

LME tin will remain under downward pressure and test support at USD 16,300/mt on Friday.

May 20, 2016 09:32

SMM Comments

SHFE 1609 Tin Ends with Gains (2016-5-11)

On Tuesday’s night trading, SHFE 1609 tin rose to RMB 109,600/mt after opening at RMB 108,500/mt.

May 11, 2016 17:30

SMM Comments

Brisk Trading Expected in Shanghai Spot Tin Market (2016-5-11)

Market will eye China April social financing and lending data.

May 11, 2016 09:59

SMM Comments

About 45% Chinese Tin Smelters See Tin Prices Fall This Week: SMM Survey

May 10, 2016 10:25

SMM Comments

LME Tin to Lack further Upward Momentum (2016-3-24)

LME tin hit a new high yesterday, but rally of US dollar will deprive LME tin of further upward momentum.

Mar 24, 2016 09:18

SMM Comments

SHFE Tin to Hover at Lows (2016-2-26)

SHFE 1605 tin lost support at the 5-day moving average during Thursday’s night session due to profit-taking by longs, and should stay weak at RMB 103,000-105,000/mt on Friday.

Feb 26, 2016 09:42

SMM Comments

LME Tin to Face Downward Pressure from Stronger US Dollar (2015-12-17)

As expected, the US Fed raised federal fund rate to 0.25%-0.50%, its first hike in nearly a decade.

Dec 17, 2015 09:58

SMM Comments

SMM Tin Market Morning Review (2015-11-9)

LME tin opened at USD 14,665/mt on Friday.

Nov 9, 2015 10:16

SMM Comments

SMM Tin Market Morning Review (2015-10-29)

LME tin opened at USD 15,415/mt on Wednesday.

Oct 29, 2015 09:52

SMM Comments

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