LME Tin to Move Down (2016-5-25)-Shanghai Metals Market

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LME Tin to Move Down (2016-5-25)

Price Review & Forecast 09:20:02AM May 25, 2016 Source:SMM

SHANGHAI, May 25 (SMM) –LME tin will look for floor at USD 15,500/mt on Wednesday. 

SHFE 1609 tin met resistance at the 5-day moving average during Tuesday’s night session, and should range RMB 104,000-106,000/mt today.  

In Shanghai spot tin market, mainstream traded prices will stabilize at RMB 106,500-108,500/mt, with buyers sourcing only as needed. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)






LME Tin to Move Down (2016-5-25)

Price Review & Forecast 09:20:02AM May 25, 2016 Source:SMM

SHANGHAI, May 25 (SMM) –LME tin will look for floor at USD 15,500/mt on Wednesday. 

SHFE 1609 tin met resistance at the 5-day moving average during Tuesday’s night session, and should range RMB 104,000-106,000/mt today.  

In Shanghai spot tin market, mainstream traded prices will stabilize at RMB 106,500-108,500/mt, with buyers sourcing only as needed. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)