Shanghai Tin Prices to Find Support from Tight Supply (2016-1-5)

Published: Jan 5, 2016 09:50

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In Shanghai spot tin market, supply of goods from Yunnan is tight.

SHANGHAI, Jan. 5 (SMM) –In Shanghai spot tin market, supply of goods from Yunnan is tight. This will support mainstream traded prices between RMB 93,000-95,500/mt on Tuesday.

LME tin will test support at USD 14,400/mt and look for support at USD 14,000/mt should it fails to hold onto USD 14,400/mt.

See forecast for other base metals, please click: Shanghai Base Metals to Eye on Stock Market after Circuit-Breaker, SMM Says

SHFE 1605 tin will remain low between RMB 91,000-93,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-5)

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

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