LME Tin to Hover at Highs (2016-9-9)

Published: Sep 9, 2016 09:32

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It is expected that China’s CPI, due for release today, will grow just 2% in August, the lowest growth this year.

SHANGHAI, Sep. 9 (SMM) – It is expected that China’s CPI, due for release today, will grow just 2% in August, the lowest growth this year. LME tin will challenge resistance at USD 19,800/mt and test support at USD 19,400/mt.

SHFE 1701 tin is expected to move at RMB 126,500-128,500/mt.

In Shanghai spot tin market, mainstream traded prices are expected at RMB 126,500-127,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-9-9)

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

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