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

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

Price Review & Forecast 09:51:52AM Jun 12, 2017 Source:SMM

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)

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

Price Review & Forecast 09:51:52AM Jun 12, 2017 Source:SMM

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)