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Home / Metal News / SHFE Tin to Consolidate at Lows (2016-5-30)

SHFE Tin to Consolidate at Lows (2016-5-30)

iconMay 30, 2016 10:35
SHFE 1609 tin fell back slightly during last Friday’s night session and should consolidate at RMB 106,500-108,500/mt on Monday.

SHANGHAI, May 30 (SMM) –SHFE 1609 tin fell back slightly during last Friday’s night session and should consolidate at RMB 106,500-108,500/mt on Monday.  

LME is closed today for Bank Holiday. 

In Shanghai spot tin market, weak SHFE tin will keep mainstream traded prices in check at RMB 107,000-108,500/mt, with buyers buying only as needed. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-30)





LME tin prices
SHFE tin prices
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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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