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SHFE Tin to Meet Downward Pressure (2017-1-19)
Jan 19, 2017 10:08Source:SMM
LME tin will keep fluctuating on Thursday and SHFE 1705 tin will move at RMB 146,800-149,000/mt.
SHANGHAI, Jan. 19 (SMM) – US Federal Reserve Chairwoman Yellen annouced to support rate-hiking pace as US’s economy is approaching to Fed’s target. Attention should be on Eurozone’s interest rate hike on Thursday. LME tin will keep fluctuating on Thursday and SHFE 1705 tin will move at RMB 146,800-149,000/mt.
In China’s domestic market, spot tin should trade at RMB 149,000-151,000/mt on Thursday.
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