Softer Dollar to Give Relief to LME Tin (2016-5-26)-Shanghai Metals Market

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Softer Dollar to Give Relief to LME Tin (2016-5-26)

Price Review & Forecast 09:42:55AM May 26, 2016 Source:SMM

SHANGHAI, May 26 (SMM) –LME tin will find some relief from a weaker US dollar and test support at USD 15,300/mt on Thursday. 

SHFE 1609 tin hovered at lows during Wednesday’s night session and should range RMB 104,000-106,000/mt today.  

In Shanghai spot tin market, weak SHFE tin and ample supply will keep mainstream traded prices in check at RMB 106,000-108,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)





Softer Dollar to Give Relief to LME Tin (2016-5-26)

Price Review & Forecast 09:42:55AM May 26, 2016 Source:SMM

SHANGHAI, May 26 (SMM) –LME tin will find some relief from a weaker US dollar and test support at USD 15,300/mt on Thursday. 

SHFE 1609 tin hovered at lows during Wednesday’s night session and should range RMB 104,000-106,000/mt today.  

In Shanghai spot tin market, weak SHFE tin and ample supply will keep mainstream traded prices in check at RMB 106,000-108,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)