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SMM Tin Market Daily Review (2015-8-21)
Aug 24, 2015 08:46Source:SMM
SHFE 1509 aluminum fell to RMB 105,310/mt after opening at RMB 106,450/mt last Friday.
SHANGHAI, Aug. 24 (SMM) –SHFE 1509 aluminum fell to RMB 105,310/mt after opening at RMB 106,450/mt last Friday. Finally, the metal ended down RMB 1,560/mt or 1.46% at RMB 105,380/mt. The contract might fall further in the near term, testing support at RMB 105,000/mt.
In Shanghai spot tin market, trading was poor. Mainstream traded prices continued falling, down to RMB 105,300-106,500/mt on August 21. Goods from Yunnan Tin Group traded at RMB 106,400-107,000/mt.
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