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SHFE Tin to Stay Weak (2016-6-23)
Jun 23, 2016 09:36Source:SMM
Caution will prevail before result of UK referendum. LME tin will consolidate at USD 17,000-17,150/mt today.
SHANGHAI, Jun. 23 (SMM) –Caution will prevail before result of UK referendum. LME tin will consolidate at USD 17,000-17,150/mt today.
SHFE 1609 tin fell back to RMB 111,000/mt after rising to RMB 112,280/mt overnight. The contract will remain weak at RMB 110,000-111,800/mt today.
In Shanghai spot tin market, supply of cheap goods will be ample and trading will be modest. Mainstream traded prices are expected at RMB 109,000-111,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-23)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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