SHFE Tin to Hover at Lows (2016-5-10)-Shanghai Metals Market

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SHFE Tin to Hover at Lows (2016-5-10)

Price Review & Forecast 09:46:07AM May 10, 2016 Source:SMM

SHANGHAI, May 10 (SMM) – SHFE 1609 tin extended declines during Monday’s night session, and should hover at lows of RMB 108,000-110,000/mt on Tuesday.

LME tin will look for support at USD 17,000/mt or USD 16,700/mt. 

In Shanghai spot tin market, mainstream traded prices will follow SHFE tin down to RMB 110,000-113,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-10)



SHFE Tin to Hover at Lows (2016-5-10)

Price Review & Forecast 09:46:07AM May 10, 2016 Source:SMM

SHANGHAI, May 10 (SMM) – SHFE 1609 tin extended declines during Monday’s night session, and should hover at lows of RMB 108,000-110,000/mt on Tuesday.

LME tin will look for support at USD 17,000/mt or USD 16,700/mt. 

In Shanghai spot tin market, mainstream traded prices will follow SHFE tin down to RMB 110,000-113,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-10)