Shanghai Tin to Test Support at 115,000 yuan, and May Lurch Lower

Apr 10, 2015 16:48

Tin prices in Shanghai Futures Exchange are expected to find support at 115,000 yuan per tonne next week, Shanghai Metals Market foresees.

SHANGHAI, Apr. 10 (SMM) – Tin prices in Shanghai Futures Exchange are expected to find support at 115,000 yuan per tonne next week, Shanghai Metals Market foresees.

"Shanghai tin prices may drift lower to 113,000 yuan if losing support at the 115,000 yuan mark,” SMM’s tin analyst expects, due to prevailing shorts.

The support of LME tin will be formed at $16,300-16,400 per tonne in the short term, the analyst added.

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Shanghai Tin to Test Support at 115,000 yuan, and May Lurch Lower

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