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

Published: May 5, 2017 09:43
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 pricesSHFE tin pricestin pricesSn pricebase metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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