SHANGHAI, Jun. 2 (SMM) – LME tin will find relief from a weaker dollar, with support at USD 16,000/mt.
SHFE 1609 tin clawed back some losses before the close of Wednesday’s night session, and should move at RMB 106,000-108,000/mt today.
In Shanghai spot tin market, rally of SHFE tin will ease declines in spot prices. Mainstream traded prices are expected at RMB 108,000-109,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-2)