Tin Prices in China to Extend Gains (2015-12-15)

Published: Dec 15, 2015 09:40

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Tin prices in Shanghai spot market will rise further to RMB 87,500-89,000/mt on Tuesday, due to tight supply and strong SHFE tin.

SHANGHAI, Dec. 15 (SMM) – Tin prices in Shanghai spot market will rise further to RMB 87,500-89,000/mt on Tuesday, due to tight supply and strong SHFE tin.

SHFE 1601 tin moved higher during Monday’s night session, and should challenge resistance at RMB 90,000/mt today.

See forecast for other base metals, please click: Diverging Trends to Intensify in Base Metal Market, SMM Says

LME tin is expected to test support at USD 14,400/mt, with market cautious before the US Fed’s policy meeting.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-15)

LME tin prices SHFE tin prices tin prices Sn price base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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