Spot Tin Prices in Shanghai to Extend Gains on Tight Supply (2015-12-18)

Published: Dec 18, 2015 09:37

Save

Strong SHFE tin and tight supply will allow tin prices in Shanghai spot market to extend gains on Friday.

SHANGHAI, Dec. 18 (SMM) – Strong SHFE tin and tight supply will allow tin prices in Shanghai spot market to extend gains on Friday. Mainstream traded prices are expected at RMB 91,000-93,000/mt.

A stronger US dollar after the US Fed’s rate hike will cap LME tin below USD 14,800/mt, testing support at USD 14,400/mt.

See forecast for other base metals, please click: Base Metal Prices to Weaken, with Eyes on China, SMM Says

SHFE 1601 tin continued rising during Thursday’s night session, and should rise further to RMB 91,000-93,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-18)

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn