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

Published: Dec 22, 2015 09:37

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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

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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