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Tin Prices to Stabilize in Shanghai Spot Market (2016-5-23)
May 23, 2016 09:32Source:SMM
In Shanghai spot tin market, mainstream traded prices are expected to stabilize at RMB 107,500-110,000/mt on Monday, supported by SHFE tin.
SHANGHAI, May 23 (SMM) –In Shanghai spot tin market, mainstream traded prices are expected to stabilize at RMB 107,500-110,000/mt on Monday, supported by SHFE tin.
SHFE 1609 tin suffered short selling during last Friday’s night session, but then recovered some losses. The most active contract should move at RMB 106,000-108,000/mt, with support at RMB 105,000/mt.
LME tin will test support at USD 16,300/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-23)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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