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Spot Tin Prices in Shanghai to Stop Falling (2017-5-5)
May 5, 2017 09:43Source:SMM
Market will eye US April non-farm payrolls today.
SHANGHAI, May 5 (SMM) –Market will eye US April non-farm payrolls today. LME tin will fall to USD 19,700-20,000/mt. SHFE 1709 tin rose last night due to dip buying, but met resistance at the 5-day moving average. The contract should range RMB 141,000-143,000/mt today.
In Shanghai spot tin market, stabilizing SHFE tin will prevent spot prices from falling. Mainstream traded prices are expected at RMB 139,500-142,000/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-5)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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