[SMM Tin Morning News] Lunxi Changyang rises and maintains the stability of the tin center of gravity in Shanghai.

Published: Oct 14, 2019 08:59

Save

SMM, 14 October:

Trend: Lunxi Electronics opened Friday at $16395 / tonne, up $16640 / tonne to $16380 / tonne, closing up $16640 / tonne, up $195 / tonne. 198 hands were traded throughout the day, and 18217 hands were held, an increase of 146 hands. Inventory was 6605 tons, 40 tons less than in the previous period.

Lunxi electronic plate on Friday after the opening of $16395 / ton, Asia early trading to noon during the overall maintenance of the opening price horizontal finishing. In the afternoon of the Asian plate, Lun Xi rushed up to $16445 / ton and returned to the opening price again. After the opening of the European market, at the beginning of the day fell slightly to a daily low of $16380 / ton before hitting the bottom, and then affected by Indonesia's September refined tin exports fell 41 per cent year-on-year. Lunxi overall showed a concussive upward trend, and finally closed at US $16640 / ton, showing a long Yang line, with the physical part near the May and 20-40 moving averages, supported by the 10-day moving average below, and the resistance above Lunxi is expected to be near the 60-day moving average of $16800 / ton.

Shanghai tin trend: Shanghai tin main 2001 contract opened on Friday night 136480 yuan / ton, the highest 137230 yuan / ton, the lowest 136050 yuan / ton, closed 136210 yuan / ton, up 60 yuan / ton. 14968 hands were traded, 38712 hands were held, and 156 hands were reduced.

After the opening of 136480 yuan / ton on Friday, the Shanghai tin main force 2001 contract was held up under pressure after rising to a high of 137230 yuan / ton at the beginning of the session, and quickly fell to a low of 136050 yuan / ton at night before rising slightly. Subsequently, the overall tin in Shanghai closed at 136300 yuan / ton until the end of the night, and finally closed at 136210 yuan / ton, showing a small negative line, supported by the 5-10 moving average at the bottom, and bearing pressure on the 20-day moving average. It is expected that the resistance above Shanghai tin is near the 20-day moving average of 137300 yuan / ton, and the lower support is near the 40-60 day moving average of 135000 yuan / ton.

"Click to sign up for this summit

Transaction in Shanghai Stock Exchange Price Forecast Morning News

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

2 hours ago

[SMM Tin News Flash: South Korean Finance Minister Says Economic Growth Rate Will Exceed 2% This Year]

South Korea's Finance Minister Gu Runzhe said he expected the country's economic growth to exceed 2% this year, supported by surging global semiconductor demand. "We expect growth to exceed 2% this year," Gu said, adding that the specific pace would depend on the chip cycle and the Middle East war. Gu noted that robust exports surged 48% in April, resulting in a trade surplus of $23.8 billion. The country's current account surplus also jumped to a record $37.3 billion in March. Even so, he said, "inflation and the real estate market are immediate risk factors" that the government needs to address as a priority.

2 hours ago

[SMM Tin News Flash: Zhongtong Bus: Produced 1,216 Units and Sold 1,360 Units in April]

Zhongtong Bus announced that its production in April 2026 was 1,216 units, up 8.86% YoY, including large buses (836 units), medium buses (320 units), and light & logistics vehicles (60 units); sales volume was 1,360 units, up 30.02% YoY, including large buses (872 units), medium buses (418 units), and light & logistics vehicles (70 units). Year-to-date cumulative production was 4,645 units, up 18.34% YoY; cumulative sales volume was 4,873 units, up 27.83% YoY.

2 hours ago

17 hours ago

[SMM Tin News Flash: Minsur Q1 Refined Tin Production at 8,314 mt]

Minsur, the world's second-largest refined tin producer, reported that its Pisco smelter in Peru produced 8,314 mt of refined tin in Q1 2026, down 2.9% YoY. The company attributed the slight decline in tin production to lower feed grades and reduced recovery rates at the smelter. Meanwhile, rising tin prices drove a 16.9% YoY increase in net revenue, effectively offsetting the impact of the production decline. Tin-in-concentrates production from the San Rafael underground mine fell 2.0% YoY to 6,096 mt due to lower recovery rates, but this was partially offset by a 3.3% increase in production from the B2 tailings dam. Total tin-in-concentrates production was basically flat YoY at 7,993 mt. The mill feed grade at the San Rafael mine remained stable at 2.40% Sn.

17 hours ago