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)