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

Published: Aug 18, 2016 09:34

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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

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