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

Hot Keywords

  • Zinc
  • Nickel
  • MMi Iron Ore Port Index
  • Inventory data
  • Futures movement
  • Aluminium
  • Xiexin new energy
  • Rare earths
  • Evening comments
  • price
  • Stainless steel spot
  • Smog alert
  • Morning comments
  • Copper
  • Sales data

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

Price Review & Forecast 09:30:47AM Jun 27, 2017 Source:SMM

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)
 

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

Price Review & Forecast 09:30:47AM Jun 27, 2017 Source:SMM

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)