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Home / Metal News / SHFE Tin to Hover at Lows (2017-10-19)

SHFE Tin to Hover at Lows (2017-10-19)

Oct 19, 2017 09:36

LME tin fell on short selling, and will drop further to USD 19,900-20,300/mt today.

SHANGHAI, Oct. 19 (SMM) –LME tin fell on short selling, and will drop further to USD 19,900-20,300/mt today. SHFE 1801 tin fell to RMB 144,410/mt and then rallied to RMB 145,400/mt during Wednesday’s night session, ending at RMB 144,860/mt. The contract will hover at lows of RMB 144,500-146,000/mt today.

In Shanghai spot market, mainstream traded prices will be RMB 142,500-144,500/mt today. Supply of cheap goods will be tight, and spot discounts will narrow.

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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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SHFE Tin to Hover at Lows (2017-10-19)

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