Shanghai Spot Tin Prices to Fall on Weakening Demand (2016-6-22)

Published: Jun 22, 2016 09:22

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In Shanghai spot tin market, mainstream traded prices are expected to fall to RMB 109,500-111,500/mt, due to weak SHFE tin and weakening demand in the off-season.

SHANGHAI, Jun. 22 (SMM) –In Shanghai spot tin market, mainstream traded prices are expected to fall to RMB 109,500-111,500/mt, due to weak SHFE tin and weakening demand in the off-season.

SHFE 1609 tin moved higher after a low opening during Tuesday’s night session and should fluctuate at RMB 110,000-112,000/mt today.

LME tin will move at highs, with resistance at USD 17,400/mt and support at USD 16,800/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-22)

LME tin prices SHFE tin prices tin prices Sn price base metal price forecast

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