SHFE Tin to Stay Weak (2016-5-18)
SHFE 1609 tin will see weak trading and range RMB 107,000-109,000/mt on May 18.
SHANGHAI, May 18 (SMM) – SHFE 1609 tin will see weak trading and range RMB 107,000-109,000/mt on May 18.
LME tin may drop to USD 16,800/mt should LME tin fail to break through resistance at USD 17,000/mt during Asian trading hours Wednesday. Spot tin prices will be at RMB 10,8500-11,1000/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-18)
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
