Decline in SHFE tin weaken spot trading in Shanghai

Published: May 30, 2018 15:44

Save

Trading in the spot tin market in Shanghai weakened on Wednesday May 30 as the trading level of SHFE 1809 contract fell to the 154,000 yuan/mt level from 155,000 yuan/mt during the day

SHANGHAI, May 30 (SMM) – Trading in the spot tin market in Shanghai weakened on Wednesday May 30 as the trading level of SHFE 1809 contract fell to the 154,000 yuan/mt level from 155,000 yuan/mt during the day, SMM learned.

Transactions were mostly heard at 149,500-152,500 yuan/mt. Downstream consumers were keen to remain on the sidelines while some traders purchased for hedging.

Given the instability in prices of futures, sellers and buyers were inclined to watch and wait.

For editorial queries, please contact Daisy Tseng at daisy@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn

Market commentary tin

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

[SMM Tin Flash News: The Semiconductor Industry Chain Ushered In a New Wave of Price Increases, with UMC, VIS, and PSMC Raising Wafer Toll Processing Prices]

Following memory and packaging, a new wave of price hikes swept through the semiconductor industry chain. Mature-process wafer foundries in Taiwan, including UMC, Vanguard, and PSMC, were reported to raise quotations as early as April, by as much as 10 or even more. Major users of mature processes—IC design houses led by driver IC makers—were also expected to raise prices in response to rising costs. UMC did not comment on market rumors of price hikes, but the company had previously said that the current pricing environment was "indeed more favorable than before." In a notice, Vanguard said it planned to adjust toll processing prices starting in April 2026, but did not disclose the size of the increase. PSMC confirmed that it had gradually raised prices since the current quarter, mainly for product lines with lower gross margins.

1 hour ago

3 hours ago

The Most-Traded SHFE Tin Contract Opened Slightly Higher in the Night Session and Then Fluctuated Downward, as Downstream Enterprises Concentrated on Restocking at Lower Prices [SMM Tin Morning Brief]

[SMM Tin Morning Briefing: The Most-Traded SHFE Tin Contract Opened Slightly Higher in the Night Session and Then Fluctuated Downward, While Downstream Enterprises Concentrated Their Restocking on Dips]

3 hours ago

Tin Market Weakened After Fluctuating at Highs, Under Short-Term Pressure Amid Intertwined Bullish and Bearish Factors [SMM Tin Morning Meeting Summary]

[SMM Morning Meeting Summary: The Tin Market Weakened After Fluctuating at Highs, Under Short-Term Pressure Amid Intertwined Bullish and Bearish Factors]

3 hours ago