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SHFE Tin to Fall Further (2017-10-18) 
Oct 18,2017 09:25CST
price review forecast
Source:SMM
LME tin will fall further to USD 20,200-20,650/mt today on negative technical side.

SHANGHAI, Oct. 18 (SMM) –LME tin will fall further to USD 20,200-20,650/mt today on negative technical side. SHFE 1801 tin was dragged down by LME tin to RMB 145,640/mt during Tuesday’s night session, but fell slower than LME tin due to tight supply of cheap goods in domestic spot market. The contract should drop further to RMB 145,000-147,000/mt today.   

In Shanghai spot market, some downstream producers will go bargain hunting. Mainstream traded prices will be RMB 143,000-145,000/mt today. Spot discounts will narrow further due to lower SHFE tin.  
  

 

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