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SHFE Tin to Consolidate at Lows (2016-5-30)
May 30,2016 10:35
CSTprice review forecast
Source: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.
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)
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