SMM Tin Weekly Price Review and Forecast (Jun. 23-26, 2015)

Jun 23, 2015 17:28

Source:SMM

SHFE 1507 tin contract fell in the first half of last week, but rebounded last Thursday and Friday.

SHANGHAI, Jun. 23 (SMM) – SHFE 1507 tin contract fell in the first half of last week, but rebounded last Thursday and Friday. July tin on the SHFE followed LME tin up to RMB 114,450/mt during Thursday’ night session.

In China’s spot tin market, traded prices fell to RMB 112,000-114,000/mt last Thursday from RMB 113,500-115,500/mt on June 12. The decline was due to lower SHFE tin prices and falling demand. However, traded prices rallied to RMB 112,500-114,500/mt last Friday, lifted by rising LME and SHFE tin prices last Thursday. Trading was decent last Thursday, but was thin for the rest of the week.

SHFE tin prices

China tin prices

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SMM Tin Weekly Price Review and Forecast (Jun. 23-26, 2015)

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