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Home / Metal News / SHFE Tin to Challenge Previous High (2016-8-24)

SHFE Tin to Challenge Previous High (2016-8-24)

Aug 24, 2016 09:41

Source:SMM

SHFE 1609 tin broke through all moving averages overnight, and should rise further to RMB 122,000-124,000/mt today.

SHANGHAI, Aug. 24 (SMM) –SHFE 1609 tin broke through all moving averages overnight, and should rise further to RMB 122,000-124,000/mt today.

LME tin will test resistance at USD 19,200/mt.

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

Key Macroeconomic Indicators for Base Metal Prices (2016-8-24)

LME tin prices

SHFE tin prices

tin prices

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