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Shanghai Spot Tin Prices to Rise (2016-10-21)
Oct 21, 2016 09:39Source:SMM
In Shanghai spot tin market, mainstream traded prices are expected to rise to RMB 129,500-130,500/mt since environmental protection inspections will hit production at some tin smelters.
SHANGHAI, Oct. 21 (SMM) –In Shanghai spot tin market, mainstream traded prices are expected to rise to RMB 129,500-130,500/mt since environmental protection inspections will hit production at some tin smelters.
LME tin will face downward pressure, with resistance at USD 20,000/mt and support at USD 19,750/mt.
SHFE 1701 tin should move at RMB 129,000-131,000/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2016-10-21)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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