SHFE Tin to Rally (2017-4-14)

Published: Apr 14, 2017 09:20

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LME market will close on Friday for Easter. SHFE 1705 tin will move at RMB 142,000-144,000/mt.

SHANGHAI, Apr. 14 (SMM) – LME market will close on Friday for Easter. SHFE 1705 tin fluctuated between the 5 and 10-day moving averages on Monday’s night trading with mainstream up. The contract is expected to remain rising momentum on Friday and will move at RMB 142,000-144,000/mt.

In China’s domestic market, spot tin should trade at RMB 140,500-143,000/mt on Friday.

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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