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SHFE Tin to Set with Losses (2017-3-8)
Mar 8, 2017 10:00 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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