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LME Tin to Remain Range-Bound Trading (2017-1-26)
Jan 26, 2017 09:30Source:SMM
LME tin is expected to keep fluctuating with support at USD 20,250/mt and SHFE 1705 tin will move at RMB 146,000-148,000/mt on Thursday.
SHANGHAI, Jan. 26 (SMM) – Attention should be on UK’s Brexit plan and GDP in Q4 2016 and US’s initial jobless claim from the week ending January 20. LME tin is expected to keep fluctuating with support at USD 20,250/mt. SHFE 1705 tin remained range-bound trading on Wednesday’s night trading and will move at RMB 146,000-148,000/mt on Thursday.
In China’s domestic market, spot tin should trade at RMB 146,500-148,500/mt on Thursday.
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