LME Tin to Face Downward Pressure (2017-6-23) -Shanghai Metals Market

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LME Tin to Face Downward Pressure (2017-6-23) 

Price Review & Forecast 09:43:08AM Jun 23, 2017 Source:SMM

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. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-23)
 

LME Tin to Face Downward Pressure (2017-6-23) 

Price Review & Forecast 09:43:08AM Jun 23, 2017 Source:SMM

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. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-23)