LME Tin to Perform Better than SHFE Tin (2016-8-25)

Published: Aug 25, 2016 09:40

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LME tin will rise to USD 19,200/mt if it finds holds onto USD 18,600/mt mark.

SHANGHAI, Aug. 25 (SMM) –LME tin will rise to USD 19,200/mt if it finds holds onto USD 18,600/mt mark. SHFE 1609 tin dived during Wednesday’s night session, and will stay weak at RMB 122,000-124,000/mt today.

In Shanghai spot tin market, tight supply will help support mainstream traded prices at RMB 123,500-125,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-25)

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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