[Sn Price] Tin Prices to See No Turnaround Next Week-Shanghai Metals Market

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[Sn Price] Tin Prices to See No Turnaround Next Week

SMM Insight 05:15:57PM Aug 07, 2015 Source:SMM

SHANGHAI, Aug. 7 (SMM) – Tin prices in China are unlikely to see a turnaround next week, given poor market fundamentals. 

Domestic market is awash with supplies. What’s worse, current SHFE/LME tin price ratio is unfavorable for exports. Demand during this year’s off-season is softer than in years past. 

Tin prices in domestic spot market are expected between 108,000-110,000 yuan per tonne next week. 

LME tin should range $15,000-16,000 per tonne, versus 106,000-110,000 yuan per tonne for SHFE 1509 tin.   

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.




#1 Tin Ingot 7 Day Chart

[Sn Price] Tin Prices to See No Turnaround Next Week

SMM Insight 05:15:57PM Aug 07, 2015 Source:SMM

SHANGHAI, Aug. 7 (SMM) – Tin prices in China are unlikely to see a turnaround next week, given poor market fundamentals. 

Domestic market is awash with supplies. What’s worse, current SHFE/LME tin price ratio is unfavorable for exports. Demand during this year’s off-season is softer than in years past. 

Tin prices in domestic spot market are expected between 108,000-110,000 yuan per tonne next week. 

LME tin should range $15,000-16,000 per tonne, versus 106,000-110,000 yuan per tonne for SHFE 1509 tin.   

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.




#1 Tin Ingot 7 Day Chart