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Home / Metal News / SHFE Tin Ends Up RMB 2,070/mt (2016-5-3)

SHFE Tin Ends Up RMB 2,070/mt (2016-5-3)

May 3, 2016 18:16

SHFE 1609 tin became the most active one on Tuesday.

SHANGHAI, May 3 (SMM) –SHFE 1609 tin became the most active one on Tuesday. China’s official manufacturing PMI fell in April and missed forecast. This soured market sentiment, sending SHFE 1609 tin down. But the most active contract rebounded in the afternoon, and closed up RMB 2,070/mt or 1.88% from previous trading day at RMB 112,400/mt. Trading volumes were down 3,672 lots to 9,112 lots, and positions were up 350 to 9,918.

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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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LME tin will rise to USD 19,200/mt if it finds holds onto USD 18,600/mt mark.

Aug 25, 2016 09:40

SMM Comments

SHFE 1609 Tin Ends with Big Gains (2016-8-8)

Last Friday’s night trading, SHFE 1609 tin fell after opening at RMB 120,340/mt, and ended at RMB 120,010/mt.

Aug 8, 2016 16:56

SMM Comments

SHFE 1609 Tin Ends with Big Gains (2016-7-4)

On last Friday’s night trading, SHFE 1609 tin jumped to RMB 122,070/mt after opening at RMB 119,000/mt, and ended at RMB 121,100/mt.

Jul 4, 2016 17:35

SMM Comments

SHFE Tin still under Downward Pressure (2016-5-24)

SHFE 1609 tin moved lower after a low opening during Monday’s night session.

May 24, 2016 09:25

SMM Comments

SHFE Tin to Rally on Short Covering (2016-4-29)

SHFE 1605 tin fell for five days in a row, but found support at the 60-day moving average.

Apr 29, 2016 09:32

SMM Comments

Shanghai Tin Prices to Follow SHFE Tin Down (2016-3-15)

SHFE 1605 tin crashed through the 5-day and 10-day moving averages during Monday’s night session, and is expected to hover at lows of RMB 107,500-110,000/mt on Tuesday.

Mar 15, 2016 09:29

SMM Comments

Tin Prices Remain under Downward Pressure (2016-3-9)

LME tin followed other base metals down sharply yesterday, and is expected to look for support at USD 16,000/mt on Wednesday.

Mar 9, 2016 09:38

SMM Comments

SHFE Tin Ends with Big Gains (2016-1-22)

SHFE 1605 tin opened at RMB 95,950/mt on Friday.

Jan 22, 2016 17:05

SMM Comments

LME Tin to Be Range-Bound (2016-1-20)

LME tin will test support at USD 13,000/mt and meet resistance at USD 13,500/mt on Wednesday.

Jan 20, 2016 09:32

SMM Comments

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SHFE Tin Ends Up RMB 2,070/mt (2016-5-3)

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2026 SMM (21th) Lead & Zinc Conference and Industry Expo

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