Shanghai Tin Prices to Hold Firm (2017-9-21)

Published: Sep 21, 2017 09:36

Save

LME tin will find support at USD 20,400/mt and resistance at USD 20,900/mt today.

SHANGHAI, Sept. 21 (SMM) –LME tin will find support at USD 20,400/mt and resistance at USD 20,900/mt today. SHFE 1801 tin moved at highs during Wednesday’s night session, and should move mainly within RMB 145,000-147,000/mt today.

In Shanghai spot market, firm SHFE tin and stocking ahead of 2017 Chinese National Day holiday (Oct. 1-7) will keep mainstream traded prices at highs of RMB 143,000-144,500/mt.

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

1 hour 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]

1 hour ago

2 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.

2 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.

2 hours ago