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Home / Metal News / SHFE 1709 Tin to Her at Lows (2017-8-28) 

SHFE 1709 Tin to Her at Lows (2017-8-28) 

iconAug 28, 2017 09:44
SHFE 1709 tin fell to a low of RMB 142,240/mt last Friday’s night session, due mainly to exit of longs.

SHANGHAI, Aug. 28 (SMM) –SHFE 1709 tin fell to a low of RMB 142,240/mt last Friday’s night session, due mainly to exit of longs. Some shorts have rolled positions from SHFE 1709 tin to 1801 contract. SHFE 1709 tin should move mainly within RMB 142,000-144,500/mt.

In Shanghai spot tin market, chances are small for spot prices to fall sharply, due to nearing delivery of SHFE 1709 tin. Mainstream traded prices are expected at RMB 143,000-144,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-8-28)

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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