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SHFE Tin to Extend Losses (2017-6-9)
Jun 9, 2017 09:45Source:SMM
LME tin will look for support at USD 18,800/mt today.
SHANGHAI, Jun. 9 (SMM) –LME tin will look for support at USD 18,800/mt today. SHFE 1709 tin will follow LME tin down to RMB 140,000-142,000/mt.
In Shanghai spot tin market, plentiful supply will prevent spot prices from rising. Trading will be active at low prices. Mainstream traded prices are expected at RMB 138,500-140,500/mt.
Key Macroeconomic Indicators for Base Metal Prices (2017-6-9)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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