LME Tin to Face Technical Corrections (2017-8-1)

Published: Aug 01, 2017 09:33 (GMT+8)

Save

LME tin, which has been closing with gains for ten consecutive trading days, will face corrections in the short term and test support at USD 20,500/mt today.

SHANGHAI, Aug. 1 (SMM) –LME tin, which has been closing with gains for ten consecutive trading days, will face corrections in the short term and test support at USD 20,500/mt today. SHFE 1709 tin should move mainly at RMB 149,000-150,000/mt today.

In Shanghai spot tin market, spot prices will face pressure from weak SHFE tin, but will find support from limited supply of Yunxi brand tin and other brands. Mainstream traded prices are expected at RMB 147,500-150,000/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-1)

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 for 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

12 hours ago

Institutions: iPhone 18 Pro series first-week sales in China up 12% YoY

According to Counterpoint Research's China Smartphone Weekly Sales Tracker, China's weekly smartphone sales have maintained a double-digit YoY decline since July. Affected by rising storage costs, consumer demand remains weak, but with the arrival of the September new product launch cycle, the market is expected to see a MoM recovery. Sales of the iPhone 18 Pro series in its first three days of availability (accounting for only three days of Week 38) were up 12% YoY compared with the first-week sales of the iPhone 17 Pro series. Driven by this strong start, Apple topped the weekly sales chart in Week 38, capturing a 33% share of China's smartphone market.

12 hours ago

AI Server Growth Demand Supports Q4 Memory Contract Price Uptrend; Consumer-Side Pressure Persists

According to TrendForce's latest memory industry research, in Q4 2026, DRAM manufacturers will continue to allocate advanced process capacity to high-performance products for server applications, maintaining an overall undersupply situation. However, the contract price uptrend is slowing down, with Conventional DRAM expected to increase by 10%–15% QoQ. The NAND Flash market is showing a dual-track development of AI acceleration and low consumer demand that nonetheless drives price increases, with overall contract prices expected to rise by 15%–20% QoQ.

12 hours ago

13 hours ago

Kimi K3 Integrates with OpenAI Codex, Becoming First Chinese Model in OpenAI's Enterprise Payment System

Kimi has made another advance in markets outside China. US AI infrastructure company Baseten announced that enterprise users can now use Kimi K3 within OpenAI's coding tool Codex, with related usage fees billed directly against enterprises' existing OpenAI procurement commitment quotas, eliminating the need for new supplier procurement processes. This means Kimi K3 has entered the mainstream paid settlement channel for OpenAI's enterprise clients, and it is also the first time a Chinese open-source model has entered this enterprise procurement system.

13 hours ago