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

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

Price Review & Forecast 09:25:42AM May 24, 2016 Source:SMM

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)





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

Price Review & Forecast 09:25:42AM May 24, 2016 Source:SMM

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)