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LME Tin to Face Downward Pressure (2016-7-1)

iconJul 1, 2016 09:21
LME tin will test support at USD 16,800/mt and meet resistance at USD 17,300/mt.

SHANGHAI, Jul. 1 (SMM) – LME tin will test support at USD 16,800/mt and meet resistance at USD 17,300/mt. 

SHFE 1609 tin consolidated overnight and will move at RMB 111,900-113,500/mt today.

In Shanghai spot tin market, buyers will buy only as needed and mainstream traded prices are expected at RMB 110,000-112,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2016-7-1)




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