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Home / Metal News / SHFE Tin still under Downward Pressure (2016-5-24)

SHFE Tin still under Downward Pressure (2016-5-24)

May 24, 2016 09:25

SHFE 1609 tin moved lower after a low opening during Monday’s night session.

SHANGHAI, May 24 (SMM) – SHFE 1609 tin moved lower after a low opening during Monday’s night session. The contract will remain under downward pressure and range RMB 104,000-106,500/mt on Tuesday.

In Shanghai spot tin market, mainstream traded prices are expected at RMB 106,500-109,000/mt, facing downward pressure from weak SHFE and LME tin.

LME tin will test support at USD 15,700/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-24)

LME tin prices

SHFE tin prices

tin prices

Sn price

base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SHFE Tin still under Downward Pressure (2016-5-24)

SMM Events & Webinars

2026 SMM (21th) Lead & Zinc Conference and Industry Expo

2026 (3rd) NET ZERO MEA - Solar & Energy Storage Summit

CLNB 2026 - The 11th New Energy Industry Chain Expo