Shanghai Tin Prices to Fall (2017-6-20)

SHANGHAI, Jun. 20 (SMM) –LME tin will meet resistance at the 20-day and 60-day moving averages and range USD 19,300-19,900/mt. SHFE 1709 tin dropped slightly overnight and will move mainly at RMB 143,500-145,000/mt. 

In Shanghai spot tin market, pullback in SHFE tin will send mainstream traded prices down to RMB 140,500-142,500/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-19)