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Home / Metal News / Spot Tin Prices in Shanghai to Stop Falling (2017-5-5)

Spot Tin Prices in Shanghai to Stop Falling (2017-5-5)

May 5, 2017 09:43

Source: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)

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