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SHFE Tin to Linger at Lows (2017-6-12)

Published: Jun 12, 2017 09:51
LME tin will hover at lows, with low possibility to sink below USD 18,600/mt.

SHANGHAI, Jun. 12 (SMM) –LME tin will hover at lows, with low possibility to sink below USD 18,600/mt. SHFE 1709 tin has fallen below all moving averages and will consolidate at lows of RMB 141,000-142,500/mt today. 

In Shanghai spot tin market, plentiful supply will push mainstream traded prices down to RMB 138,500-141,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-12)

LME tin pricesSHFE tin pricestin pricesSn pricebase metal price forecast

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.

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