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SHFE Tin to Hover at Lows (2016-5-10)
May 10, 2016 09:46Source: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.
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)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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