SHFE Tin to Extend Gains (2015-12-22)

Published: Dec 22, 2015 09:37 (GMT+8)

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SHFE 1601 tin rose during Monday’s night session, and should remain strong between RMB 97,500-99,500/mt on Tuesday.

SHANGHAI, Dec. 22 (SMM) – SHFE 1601 tin rose during Monday’s night session, and should remain strong between RMB 97,500-99,500/mt on Tuesday.

Trading will wane on the LME due to approaching Christmas holiday, and LME tin should be range-bound.

See forecast for other base metals, please click: Shanghai Base Metal Price to Rise, with Stronger Tin, SMM Says

In Shanghai spot tin market, supply will tighten further, and this will push prices up to RMB 98,000-99,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-22)

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

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