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LME Tin to Remain Range-Bound Trading (2017-3-10)
Mar 10, 2017 09:55Source:SMM
SHFE 1705 tin will move between RMB 140,000-143,000/mt on Friday.
SHANGHAI, Mar. 10 (SMM) – Eyes should be on US’s February nonfarm payroll report on Friday. Rising US dollar index will weigh down LME tin and LME tin will remain range-bound trading on Friday. SHFE 1705 tin advanced at the tail of trading and closed at RMB 141,700/mt on Thursday’s night trading and will move between RMB 140,000-143,000/mt on Friday with support at RMB 138,000/mt.
In China’s domestic market, spot tin should trade at RMB 141,500-143,500/mt on Friday.
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