Latest Update in the SMM Tin Market

LME copper opened at $9,622.5/mt overnight, initially reaching a high of $9,648/mt before declining throughout the session, hitting a low of $9,513/mt near the close, and finally rebounding slightly to close at $9,550/mt, down 0.06%.

SMM, October 30, 2024: Yesterday, the most-traded SHFE tin contract closed at 254,460 yuan/mt, down 1,030 yuan/mt, a decrease of 0.40%.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Oct 29, 2024

LME copper opened at $9,541.5/mt overnight, initially fluctuated lower to $9,530/mt, then rose to $9,586/mt during the session, and finally dropped back slightly to close at $9,556/mt, down 0.08%.

SMM, October 29: Yesterday, the most-traded SHFE tin contract closed at 256,210 yuan/mt, down 720 yuan/mt, a decrease of 0.28%. The highest price was 257,870 yuan/mt, and the lowest was 256,130 yuan/mt.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Oct 28, 2024

In September, domestic tin ore import volume was 7,800 mt (approximately 3,859 mt metal content), down 10.79% MoM, up 8.40% YoY, a decrease of 489 mt metal content compared to August.

According to the latest in-depth survey data from SMM over the past week, as of last Friday, the operating rates of refined tin smelters in Yunnan and Jiangxi provinces remained stable overall at 64.69%.