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SHFE Tin to Face Downward Pressure (2017-6-27)
Jun 27, 2017 09:30Source:SMM
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
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