SHANGHAI, Jun. 26 (SMM) – Tin market will remain weak this coming week, Shanghai Metals Market foresees.
“LME tin is expected to fluctuate around the $15,000 mark, and may drift lower to test $14,300 per tonne,” SMM tin group says.
In China’s tin market, prices on the SHFE will look for support at 110,000 yuan per ton, and spot declines will not be big thanks to limited supply, with low-end price expected at 112,000 yuan per tonne, SMM adds.
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