SMM Tin Market Morning Review (2015-11-6)

Published: Nov 6, 2015 10:54

Save

LME tin opened at USD 14,870/mt on Thursday.

SHANGHAI, Nov. 6 (SMM) –LME tin opened at USD 14,870/mt on Thursday. The metal touched day’s high of USD 14,885/mt and day’s low of USD 14,515/mt before closing down USD 350/mt at USD 14,555/mt. Trading volumes were up 158 lots to 268 lots, and positions were down 217 to 19,185. Inventories fell 90 mt to 5,200 mt. Following hawkish remarks by Janet Yellen, another US Fed official hinted at growing possibility of rate hike in December. This kept the US dollar index elevated, pressuring base metals. US non-farm report for October will be eyed today. LME tin should test support at USD 14,500/mt on Friday.

SHFE 1601 tin fell during Thursday’s night session, and should move between RMB 91,500-92,500/mt on Friday. In China spot market, mainstream traded prices are expected to fall to RMB 91,500-94,000/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 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

2 hours ago

Tata Steel and Hindustan Zinc announced partnership to integrate the low-carbon zinc solution EcoZen.

Tata Steel and Hindustan Zinc announced on Monday, 25 March 2026, a partnership to incorporate EcoZen, a sustainable and environmentally friendly steel production solution, producing low carbon-zinc. HZL’s EcoZen is manufactured using renewable energy and has a certified carbon footprint of less than 1 tonne of CO₂ equivalent per tonne of zinc, around 75% lower than the global industry average of production. This allows downstream industries to significantly reduce toxic emissions across the value chain.

2 hours ago

3 hours ago

Data: SHFE, DCE market movement (Mar 25)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 25 Mar , 2026

3 hours ago

10 hours ago

US Dollar Index Strengthened, LME Zinc Came Under Pressure and Edged Lower [SMM Zinc Morning Meeting Summary]

[SMM Morning Zinc Briefing: Stronger US Dollar Index Put LME Zinc Under Pressure and Slightly Lower]: Overnight, LME zinc opened at $3,095/mt. After the opening, LME zinc fluctuated downward along the daily average line, hitting an intraday high of $3,097/mt. Near the close, LME zinc fell to a low of $3,027/mt, and finally closed down at $3,038.5/mt, down $64.5/mt, a decline of 2.08%, while trading volume decreased to 11,298 lots...

10 hours ago