Latest Update in the SMM Tin Market

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Jul 26, 2024

Overnight, LME copper opened at $9,000/mt, dipping to $8,996.5/mt at the beginning of the session, then fluctuating upwards to a high of $9,169.5/mt, and closed at $9,091/mt, up 0.45%.

In the night trading session yesterday, the main SHFE tin contract closed at 246,730 yuan/mt, down 420 yuan/mt, a decrease of 0.17%.

According to the SMM survey, domestic sample producers' tin solder output in June was 8,580 mt, down 6.15% MoM. The total sample operating rate was 72.71%, a decrease of 6.65 percentage points from May. The total output for July is expected to be 8,455 mt, down 1.46% MoM, with the total sample operating rate expected to be 71.65%, down 1.06 percentage points from June.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Jul 25, 2024

LME copper opened at $9,174.5/mt overnight, initially reaching a high of $9,174.5/mt, then touching a low of $9,050/mt at the end of the trading session, and finally closed at $9,050.5/mt, down 1.16%.

Yesterday, the night session of the most-traded SHFE tin contract closed at 249,520 yuan/mt, up 1,760 yuan/mt, with an increase of 0.71%.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Jul 24, 2024