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LME Tin to See Range-Bound Trading (2017-3-28)
Mar 28, 2017 09:40Source:SMM
LME tin will fluctuate with support at USD 19,600/mt and resistance at USD 20,100/mt. SHFE 1705 tin will move between RMB 142,500-145,000/mt on Tuesday.
SHANGHAI, Mar. 28 (SMM) – LME tin rallied after diving on Monday’s night trading and opened higher on Tuesday. The contract will fluctuate with support at USD 19,600/mt and resistance at USD 20,100/mt. SHFE 1705 tin rallied from lows on Monday’s night trading but was still below the moving averages. The contract will move between RMB 142,500-145,000/mt on Tuesday.
In China’s domestic market, spot tin should trade at RMB 142,000-144,500/mt on Tuesday.
SHFE tin
LEM tin
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