SHANGHAI, Jun. 23 (SMM) –LME tin dived before yesterday’s closing, indicating LME tin has yet to stabilize and will face further downward pressure. SHFE 1709 tin followed LME tin down overnight and will move mainly at RMB 143,000-145,000/mt today.
In Shanghai spot tin market, limited supply of goods from Yunnan will support the low-end price. Trading will be thin at high-end prices. Mainstream traded prices are expected at RMB 141,000-142,500/mt today.