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SHFE Tin to Remain Range-Bound Trading (2017-3-14)
Mar 14, 2017 09:38Source:SMM
LME tin will stay range-bound trading on Tuesday with resistance at USD 19,500/mt and support at USD 19,000/mt. SHFE 1705 tin will move between RMB 143,500-146,000/mt.
SHANGHAI, Mar. 14 (SMM) – Eyes should be on China’s February retail sale and industrial data and US’s February PPI on Tuesday. LME tin will stay range-bound trading on Tuesday with resistance at USD 19,500/mt and support at USD 19,000/mt. SHFE 1705 tin dropped slightly on Monday’s night trading and will move between RMB 143,500-146,000/mt with lack of rising strength.
In China’s domestic market, spot tin should trade at RMB 143,000-145,000/mt on Tuesday.
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