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SHFE Tin to Lack Rising Strength (2016-5-5)
May 5, 2016 09:22Source:SMM
SHFE 1609 tin will lack upward momentum and move at RMB 111,000-113,000/mt on Thursday.
SHANGHAI, May 5 (SMM) – SHFE 1609 tin will lack upward momentum and move at RMB 111,000-113,000/mt on Thursday.
LME tin will meet resistance at USD 17,500/mt while finding support at USD 17,000/mt.
In Shanghai spot tin market, weak SHFE tin will keep mainstream traded prices in check at RMB 111,500-113,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-5)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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