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SHFE Tin to Linger at Lows (2017-6-12)

iconJun 12, 2017 09:51
LME tin will hover at lows, with low possibility to sink below USD 18,600/mt.

SHANGHAI, Jun. 12 (SMM) –LME tin will hover at lows, with low possibility to sink below USD 18,600/mt. SHFE 1709 tin has fallen below all moving averages and will consolidate at lows of RMB 141,000-142,500/mt today. 

In Shanghai spot tin market, plentiful supply will push mainstream traded prices down to RMB 138,500-141,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-12)

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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