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SHFE Tin to Face Downward Pressure (2017-4-24)

Published: Apr 24, 2017 09:46
LME tin will trade in a tight range of USD 19,700-20,100/mt.

SHANGHAI, Apr. 24 (SMM) – LME tin will trade in a tight range of USD 19,700-20,100/mt. SHFE 1705 tin hit a low of RMB 136,860/mt during last Friday’s night session and closed at below RMB 138,000/mt. The contract should drop further to RMB 137,000-139,000/mt today, testing support at RMB 135,000/mt.  

In Shanghai spot tin market, falling futures prices will drag spot prices down to RMB 138,000-140,000/mt.  

Key Macroeconomic Indicators for Base Metal Prices (2017-4-24)
 

LME tin pricesSHFE tin pricestin pricesSn pricebase metal price forecast

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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