LME Tin to Trade in Tight Range (2016-7-11)

Published: Jul 11, 2016 09:47

Save

Market will eye China Q2 GDP, policy meeting of the BOE and speeches from US Fed officials this week.

SHANGHAI, Jul. 11 (SMM) – Market will eye China Q2 GDP, policy meeting of the BOE and speeches from US Fed officials this week. LME tin should move between USD 17,500-18,200/mt today.

SHFE 1609 tin should move at RMB 115,000-117,000/mt today, with resistance at the 5-day moving average.

In Shanghai spot tin market, mainstream traded prices are expected at RMB 114,000-116,500/mt, with spot prices mainly trading at discounts of RMB 0-1,000/mt over SHFE 1607 tin recently.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-11)

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn