Limited Supply to Ease Declines in Tin Prices (2015-12-24)

Published: Dec 24, 2015 09:31

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In Shanghai spot tin market, prices will fall slower to RMB 96,500-98,000/mt, with the downside space limited by low market availability.

SHANGHAI, Dec. 24 (SMM) –In Shanghai spot tin market, prices will fall slower to RMB 96,500-98,000/mt, with the downside space limited by low market availability.

SHFE 1601 tin struggled during Wednesday’s night session, and should move at RMB 93,000-95,000/mt on Thursday.

See forecast for other base metals, please click: Base Metal Prices to Rise in Asian Trading Hours as LME closed, SMM Says

Trading on the LME will be suspended during the European session for the Christmas holiday, leaving LME tin still range-bound.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-24)

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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