Home / Metal News / Aluminium / LME Tin to Fall Further to $17,000 per tonne
LME Tin to Fall Further to $17,000 per tonne
Mar 13,2015 16:59CST
industry news
Source:SMM
Further declines are expected in tin market due to weak sentiment, Shanghai Metals Market foresees.

SHANGHAI, Mar. 13 (SMM) – Further declines are expected in tin market due to weak sentiment, Shanghai Metals Market foresees. 

LME tin is expected to slide to $17,000 per tonne, and with upper hand at $17,400 per tonne, SMM expects. 

In China’s domestic market, tin price is expected to test support at 120,000 yuan per tonne, and may fall below the mark due to falling LME tin and poor demand.  

The inverse relation between dollar and commodity market is not as sensitive as before, and the implementation of policies in China after the end of two sessions is expected to cheer the market. Hence, outlook for metals market should not be too pessimistic.   

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

tin price forecast
lme tin prices
Shanghai tin prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news