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Home / Metal News / Shanghai Spot Tin Prices to Drop (2016-8-18)

Shanghai Spot Tin Prices to Drop (2016-8-18)

iconAug 18, 2016 09:34
Source:SMM
The US dollar will remain weak as minutes of the US Fed’s latest meeting showed no strong stance of rate hike.

SHANGHAI, Aug. 18 (SMM) – The US dollar will remain weak as minutes of the US Fed’s latest meeting showed no strong stance of rate hike. LME tin will find support at USD 18,000/mt and meet resistance at USD 18,650/mt.

SHFE 1609 tin fell overnight and will move between RMB 121,000-123,000/mt today.

In Shanghai spot tin market, mainstream traded prices will drop to RMB 123,000-124,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-18)


  

 





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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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