SHFE Tin to Consolidate Between 116,000-122,000 yuan (May 25-29, 2015)

Published: May 25, 2015 10:47

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SHFE 1507 tin contract fell to 114,000-119,000 yuan/tonne last week and is expected to move between 116,000-122,000 yuan/tonne in the week beginning May 25.

SHANGHAI, May 25 (SMM) –SHFE 1507 tin contract fell to 114,000-119,000 yuan/tonne last week and is expected to move between 116,000-122,000 yuan per tonne in the week beginning May 25.

Tin prices in China’s domestic market will draw support from low market availability. But soft demand will act as a brake against price rise.

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