SHFE Tin to Extend Gains (2015-12-22)

SHANGHAI, Dec. 22 (SMM) – SHFE 1601 tin rose during Monday’s night session, and should remain strong between RMB 97,500-99,500/mt on Tuesday.  

Trading will wane on the LME due to approaching Christmas holiday, and LME tin should be range-bound.  

See forecast for other base metals, please click: Shanghai Base Metal Price to Rise, with Stronger Tin, SMM Says

In Shanghai spot tin market, supply will tighten further, and this will push prices up to RMB 98,000-99,500/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2015-12-22)