[brief comment on tin in SMM period] the tin center of gravity in Shanghai period moved down obviously.

Published: Apr 22, 2020 16:54

SMM, 22 April:

Shanghai tin main force 2006 contract opened today 124840 yuan / ton, at the beginning of the day affected by the impact of short positions quickly fell to a daily low of 122200 yuan / ton. Subsequently, the long and short forces all reduced their positions, and the tin center of gravity in Shanghai rose slightly, maintaining a horizontal arrangement of 123400 yuan / ton above the daily average. finally, it closed at 123250 yuan / ton, down 2280 yuan / ton, down 1.82%, trading volume 31711 hands, position 32628 hands, an increase of 268 hands. Today, Shanghai tin closed with a negative line, and the lower shadow line is located near the 20-day moving average. Shanghai tin under the test of the early horizontal plate interval on the track 122000 yuan / ton near the support level.

Scan QR code, apply to join SMM metal communication group, please indicate company + name + main business

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
[Midday SMM Tin Commentary] Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Transaction Activity Pulled Back Slightly
3 hours ago
[Midday SMM Tin Commentary] Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Transaction Activity Pulled Back Slightly
Read More
[Midday SMM Tin Commentary] Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Transaction Activity Pulled Back Slightly
[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
[SMM Tin Flash News: Korean Media: Samsung Electronics to Supply HBM4 Chips to OpenAI]
4 hours ago
[SMM Tin Flash News: Korean Media: Samsung Electronics to Supply HBM4 Chips to OpenAI]
Read More
[SMM Tin Flash News: Korean Media: Samsung Electronics to Supply HBM4 Chips to OpenAI]
[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]
4 hours ago
[SMM Tin Bulletin: Institution: TSMC and Samsung Have Raised Prices for Wafer Toll Processing of Their Main 5/4nm Manufacturing Processes]
Read More
[SMM Tin Bulletin: Institution: TSMC and Samsung Have Raised Prices for Wafer Toll Processing of Their Main 5/4nm Manufacturing Processes]
[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