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LME Tin to Fall Further (2017-8-2) 

Published: Aug 2, 2017 09:33
LME tin will fall further toward USD 20,200/mt if it loses support at USD 20,400/mt.

SHANGHAI, Aug. 2 (SMM) –LME tin will fall further toward USD 20,200/mt if it loses support at USD 20,400/mt. SHFE 1709 tin should move mainly at RMB 145,500-147,500/mt today.    

In Shanghai spot tin market, falling LME and SHFE tin sent spot prices down. Spot discounts narrowed further. Discounts of Yunxi brand tin turned into premiums. Tight supply of certain brands will offer some support to spot prices. Mainstream traded prices are expected at RMB 146,000-147,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-8-2)

 

LME tin pricesSHFE tin pricestin pricesSn pricebase 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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