LME Tin to Drift Lower (2016-9-12)

SHANGHAI, Sep. 12 (SMM) –LME tin will hover around the 10-day moving average today with support from worries about market supply.

SHFE 1701 tin is expected to move at RMB 124,500-126,500/mt with support at the 20-day moving average.

In Shanghai spot tin market, mainstream traded prices are expected at RMB 125,500-127,000/mt with falling LME and SHFE tin.

Key Macroeconomic Indicators for Base Metal Prices (2016-9-12)