SHFE Tin to Face Downward Pressure (2017-6-27)

Published: Jun 27, 2017 09:30

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LME tin will test support at USD 18,600/mt.

SHANGHAI, Jun. 27 (SMM) –LME tin will test support at USD 18,600/mt. SHFE 1709 tin will move mainly at RMB 141,000-143,000/mt today and face downward pressure.

In Shanghai spot tin market, supply of goods from Yunnan is tight recently. The gap between high-end price and low-end price will widen. Mainstream traded prices are expected at RMB 139,500-142,000/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-27)

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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