Shanghai Spot Tin Prices to Hold Firm (2016-2-24)

Published: Feb 24, 2016 09:48

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In Shanghai spot tin market, mainstream traded price are expected to hold firm between RMB 104,500-107,000/mt due to improved market sentiment amid rising SHFE tin prices.

SHANGHAI, Feb. 24 (SMM) –In Shanghai spot tin market, mainstream traded price are expected to hold firm between RMB 104,500-107,000/mt due to improved market sentiment amid rising SHFE tin prices.

SHFE 1605 tin fell back during Tuesday’s night session due to profit-taking by some longs, but should continue hovering at highs of RMB 104,000-106,000/mt today.

LME tin should challenge resistance at USD 16,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-24)

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

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