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LME Tin to Perform Better than SHFE Tin (2017-5-3)
May 3, 2017 09:45LME tin will hover at highs and test resistance at USD 20,000/mt.
SHANGHAI, May 3 (SMM) –LME tin will hover at highs and test resistance at USD 20,000/mt. SHFE 1709 tin hovered around the 40-day moving average during Tuesday’s night session, and will face pressure in the short term, with price range expected at RMB 142,500-145,000/mt today.
In Shanghai spot tin market, spot prices followed futures prices up previously, but downstream producers watched from the sidelines. SHFE tin is now meeting resistance. So, mainstream traded prices might fall to RMB 142,000-144,000/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-3)
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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Oct 10, 2017 12:00
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SHFE 1709 tin opened at RMB 143,980/mt and closed at RMB 144,750/mt, up RMB 1,070/mt or 0.74%.
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LME Tin to Hover at Highs (2017-7-3)
LME tin will hover around USD 20,000/mt today.
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