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Home / Metal News / SHFE Tin to Stay High (2017-5-2)

SHFE Tin to Stay High (2017-5-2)

iconMay 2, 2017 09:42
LME tin will test support at USD 19,500/mt and resistance at USD 20,000/mt.

SHANGHAI, May 2 (SMM) –LME tin will test support at USD 19,500/mt and resistance at USD 20,000/mt. SHFE 1709 tin staged a strong rally during last Friday’s night session, and will move at highs of RMB 140,000-143,000/mt today. 

In Shanghai spot tin market, mainstream traded prices will remain low at RMB 139,500-142,000/mt due to poor demand and ample supply.   

Key Macroeconomic Indicators for Base Metal Prices (2017-5-2)

LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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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