LME Tin to Lurch Higher to $20,800-21,000/tonne Next Week

BEIJING (SMM): Price rally in LME tin market prices is expected to be continuing next week, Shanghai Metals Market foresees.  

“LME tin will lurch higher to $20,800-21,000 per tonne in the coming week due to technical corrections after sharp declines” SMM’s tin analyst expects. 

In China’s domestic tin spot market, prices, however, will remain weak as supply increases at the year’s end have accelerated price losses, with prices expected between 130,000-132,000 yuan per tonne. 

Courtesy: www.metal.com