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Shanghai Spot Tin Prices to Rise (2017-6-7)

Published: Jun 7, 2017 09:39
LME tin will meet resistance at USD 20,000/mt and fall to USD 19,300/mt if it fails to hold onto USD 19,700/mt.

SHANGHAI, Jun. 7 (SMM) –LME tin will meet resistance at USD 20,000/mt and fall to USD 19,300/mt if it fails to hold onto USD 19,700/mt. SHFE 1709 tin should move mainly between RMB 142,500-144,500/mt. Easing concerns over tin oversupply after Yunnan Tin group obtained approval for tin concentrate processing trade, together with liquidity injection by the PBOC will support SHFE tin.  

In Shanghai spot tin market, rally in SHFE tin will lift mainstream traded prices to RMB 140,000-142,000/mt. 

 

LME tin pricesSHFE tin pricestin pricesSn pricebase 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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Shanghai Spot Tin Prices to Rise (2017-6-7) - Shanghai Metals Market (SMM)