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

Published: May 02, 2017 09:42 (GMT+8)

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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 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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