SHFE Tin to Trade in Wide Range (2016-6-29)

Published: Jun 29, 2016 09:31

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SHFE 1609 tin moved down after a high opening overnight, indicating a lack of upward momentum.

SHANGHAI, Jun. 29 (SMM) –SHFE 1609 tin moved down after a high opening overnight, indicating a lack of upward momentum. The contract should move in a wide range at RMB 111,800-113,500/mt.

LME tin will test support at USD 16,500/mt and meet resistance at USD 17,300/mt.

In Shanghai spot tin market, mainstream traded prices are expected at RMB 110,000-112,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-29)

LME tin prices SHFE tin prices tin prices Sn price base metal price forecast

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.

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