SHFE Tin to Set with Losses (2017-3-8)

Published: Mar 8, 2017 10:00

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LME tin will test support at USD 19,300/mt on Wednesday and SHFE 1705 tin will fluctuate between RMB 142,000-144,000/mt.

SHANGHAI, Mar. 8 (SMM) – Attention should be on China’s February trade balance and NPC&CPPCC on Wednesday. LME tin will test support at USD 19,300/mt on Wednesday. If LME tin drops below USD 19,300/mt, it will test USD 18,800/mt. SHFE 1705 tin dropped on Tuesday’s night trading with positions opening by shorts and found support at RMB 142,000/mt. SHFE 1705 tin will fluctuate between RMB 142,000-144,000/mt on Wednesday.

In China’s domestic market, spot tin should trade at RMB 142,500-145,000/mt on Wednesday.

SHFE tin LEM tin tin prices

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