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Home / Metal News / LME Tin to Face Downward Pressure (2017-4-12)

LME Tin to Face Downward Pressure (2017-4-12)

Apr 12, 2017 09:26

Source:SMM

LME tin will find support at USD 19,600/mt and SHFE 1705 tin will move at RMB 141,500-143,500/mt.

SHANGHAI, Apr. 12 (SMM) – LME tin rallied from lows on Tuesday’s night trading but will meet downward pressure for the near term. The contract will find support at USD 19,600/mt. SHFE 1705 tin declined further on Tuesday’s night trading and touched RMB 140,000/mt but finally closed above RMB 141,600/mt. SHFE 1705 tin will keep testing RMB 141,600/mt on Wednesday and will move at RMB 141,500-143,500/mt.

In China’s domestic market, spot tin should trade at RMB 141,000-143,000/mt on Wednesday.

SHFE tin

LEM tin

tin prices

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