SMM Tin Weekly Price Review and Forecast (May 11-15, 2015)

Published: May 11, 2015 16:07

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SHFE 1507 tin contract jumped to RMB 125,910/mt as large number bulls entered, but fell back to RMB 121,000/mt later in the week.

SHANGHAI, May 11 (SMM) – SHFE 1507 tin contract jumped to RMB 125,910/mt as large number bulls entered, but fell back to RMB 121,000/mt later in the week. The price rise was driven largely by hopes for stimulus measures from the Chinese government. In domestic spot market, trading was thin. Mainstream traded prices were RMB 121,000-123,000/mt, but dropped to RMB 120,000-122,000/mt last Friday, tracking SHFE tin.

SHFE tin prices

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