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Home / Metal News / Weaker Dollar to Support LME Tin (2016-6-2)

Weaker Dollar to Support LME Tin (2016-6-2)

Jun 2, 2016 10:16

Source:SMM

LME tin will find relief from a weaker dollar, with support at USD 16,000/mt.

SHANGHAI, Jun. 2 (SMM) – LME tin will find relief from a weaker dollar, with support at USD 16,000/mt.

SHFE 1609 tin clawed back some losses before the close of Wednesday’s night session, and should move at RMB 106,000-108,000/mt today.

In Shanghai spot tin market, rally of SHFE tin will ease declines in spot prices. Mainstream traded prices are expected at RMB 108,000-109,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-2)

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