[Sn Price] Shanghai Tin to Drift Lower Next Week, SMM Says

SHANGHAI, Aug. 7 (SMM) – SHFE tin prices are expected to remain weak in this coming week, with price ranging between 106,000-110,000 yuan per tonne, Shanghai Metals Market foresees. 

“At present, there is a closer link between base metal prices and China’s stock market, and on the SHFE market, tin prices will continue to come under downward pressures,” SMM’s tin analyst says. 

In China’s spot market, tin prices will fall to 108,000-110,000 yuan per tonne, SMM expects, explaining that the current off-demand season gives no boost to price recovery, in addition to a strong dollar.   

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