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.