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SHFE Tin to Remain Range-Bound Trading (2017-3-14)
Mar 14, 2017 09:38LME 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.
SHFE tin
LEM tin
tin prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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