Latest Update in the SMM Tin Market

Overnight, LME copper opened at $9,118.5/mt, initially rising to $9,155/mt before fluctuating downward, hitting a low of $9,086/mt at the end of the session, and finally closing at $9,082/mt, a decline of 0.38%.

Yesterday, the spot tin market saw a cooling in trading activity, with trade companies' quotations remaining stable and showing no significant fluctuations.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 20, 2024

LME copper opened at $9,047/mt overnight, initially dipping to $9,022.5/mt before fluctuating upward to a high of $9,123.5/mt at the close, finally settling at $9,117/mt with an open interest of 273,000 lots.

SMM, 20, 2024: Yesterday, the spot tin market saw a cooling in trading activity, with quotes from trading companies remaining stable and showing no significant fluctuations.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 19, 2024

LME copper opened at $9,009.5/mt overnight, with the initial focus dropping to $8,958/mt. It then fluctuated upward, reaching a high of $9,106/mt at the end of the session, and finally closed at $9,094.5/mt, up 1.38%.

Yesterday, the spot tin market remained hot, with trading companies' quotations staying stable without significant fluctuations.