LME Tin to Trade in Tight Range (2017-6-26)

Published: Jun 26, 2017 09:37

Save

LME tin will test support at USD 18,600/mt and resistance at USD 19,900/mt.

SHANGHAI, Jun. 26 (SMM) –LME tin will test support at USD 18,600/mt and resistance at USD 19,900/mt. SHFE 1709 tin will move mainly at RMB 143,000-145,000/mt today.

In Shanghai spot tin market, limited supply of goods from Yunnan will support spot prices. Trading will be muted at higher prices. Mainstream traded prices are expected at RMB 141,000-142,500/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-26)

LME tin prices SHFE tin prices tin prices Sn price base metal price forecast

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

3 hours ago

[Midday SMM Tin Commentary] Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Transaction Activity Pulled Back Slightly

[SMM Tin Midday Commentary: Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Trading Activity Pulled Back Slightly]

3 hours ago

4 hours ago

[SMM Tin Flash News: Korean Media: Samsung Electronics to Supply HBM4 Chips to OpenAI]

South Korea's Economic Daily reported on Thursday that Samsung Electronics is expected to supply OpenAI with its next-generation high-bandwidth memory (HBM4) chips for the latter's first in-house artificial intelligence processor. Last year, Samsung signed a memorandum of understanding, committing to supply memory chips for OpenAI's data centers to meet the growing demand of its "Stargate" project.

4 hours ago

[SMM Tin Bulletin: Institution: TSMC and Samsung Have Raised Prices for Wafer Toll Processing of Their Main 5/4nm Manufacturing Processes]

TrendForce stated that the two major wafer foundries, TSMC and Samsung Electronics, had increased prices for the most-traded advanced 5/4nm processes used for AI chips. At TSMC, capacity at the 5/4nm, 3nm, and 2nm periods will remain fully utilized, and toll processing prices for these processes have been increased across the board; meanwhile, order volumes for Samsung Foundry's 5/4nm processes also increased significantly, prompting it to issue price hike notices to clients in Q4 2025.

4 hours ago