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SHFE Tin to Face Downward Pressure (2016-7-6)
Jul 6, 2016 09:20Source:SMM
SHFE 1609 tin continued falling during Tuesday’s night session and should move at RMB 115,000-118,000/mt today.
SHANGHAI, Jul. 6 (SMM) –SHFE 1609 tin continued falling during Tuesday’s night session and should move at RMB 115,000-118,000/mt today.
LME tin will remain under downward pressure and test support at USD 17,300/mt.
In Shanghai spot tin market, buyers will source only as needed, and mainstream traded prices will drop to RMB 115,500-117,500/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-7-6)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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