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SHFE Tin to Continue Falling (2017-6-8)
Jun 8, 2017 09:45Source:SMM
LME tin has hit a 3-month low and will test support at USD 19,300/mt today.
SHANGHAI, Jun. 8 (SMM) –LME tin has hit a 3-month low and will test support at USD 19,300/mt today. SHFE 1709 tin followed LME tin down during Wednesday’s night session, and should move mainly between RMB 140,000-142,300/mt today.
In Shanghai spot tin market, falling SHFE tin will put downward pressure on spot prices. Mainstream traded prices are expected at RMB 138,500-140,500/mt. Buyers are suggested to purchase as needed.
Key Macroeconomic Indicators for Base Metal Prices (2017-6-8)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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