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LME Tin to Remain under Downward Pressure (2016-5-20)
May 20, 2016 09:32Source:SMM
LME tin will remain under downward pressure and test support at USD 16,300/mt on Friday.
SHANGHAI, May 20 (SMM) –LME tin will remain under downward pressure and test support at USD 16,300/mt on Friday.
SHFE 1609 tin has met resistance at the 5-day moving average and will move at RMB 105,000-107,300/mt.
In Shanghai spot tin market, inflows of deliverable goods will put pressure on prices. Mainstream traded prices are expected at RMB 107,500-110,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-20)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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