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LME Tin to Face Pains from Firmer Dollar (2016-9-19)
Sep 19, 2016 09:37Source:SMM
LME tin will remain weak and will test support at USD 19,000/mt on Monday
SHANGHAI, Sep. 19 (SMM) –LME tin will remain weak and will test support at USD 19,000/mt on Monday.
SHFE 1701 tin should move between RMB 121,500-123,500/mt today with support at RMB 121,500/mt.
In Shanghai spot tin market, mainstream traded prices are expected to fall to RMB 123,000-124,500/mt. The deliverable goods will flow into market. This, coupled with bearishness in SHFE market, will weigh on spot prices.
Key Macroeconomic Indicators for Base Metal Prices (2016-9-19)
LME tin prices
SHFE tin prices
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