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

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

May 2, 2017 09:42

Source:SMM

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

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base metal price forecast

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