SHFE Tin to Stay High (2017-5-2)

SHANGHAI, May 2 (SMM) –LME tin will test support at USD 19,500/mt and resistance at USD 20,000/mt. SHFE 1709 tin staged a strong rally during last Friday’s night session, and will move at highs of RMB 140,000-143,000/mt today. 

In Shanghai spot tin market, mainstream traded prices will remain low at RMB 139,500-142,000/mt due to poor demand and ample supply.   

Key Macroeconomic Indicators for Base Metal Prices (2017-5-2)