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

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

Price Review & Forecast 10:35:23AM May 30, 2016 Source:SMM

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)





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

Price Review & Forecast 10:35:23AM May 30, 2016 Source:SMM

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)