SHFE 1709 Tin Recovers Lost Ground (2017-7-17)

SHANGHAI, Jul. 17 (SMM) –On Monday, SHFE 1709 tin fell to the daily moving average due to plunge in stock market. Ferrous metals prices rose across the board and commodity market also strengthened afterwards as the central financial meeting is favorable for commodity market. This allowed SHFE 1709 tin to recover losses and ended at RMB 145,450/mt. SHFE 1709 tin may rise further and then fall back in the short term and range RMB 144,000-146,000/mt.