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SHFE Tin to Trade in Tight Range (2017-5-8)

Published: May 8, 2017 09:35
Market will eye China’s April trade data today.

SHANGHAI, May 8 (SMM) –Market will eye China’s April trade data today. LME tin will head to USD 19,300/mt if it fails to hold onto USD 19,700/mt. SHFE 1709 tin hovered above RMB 140,000/mt during last Friday’s night session on strong market caution and should range RMB 140,000-142,500/mt today.  

In Shanghai spot tin market, weak LME and SHFE tin will keep mainstream traded prices in check at RMB 139,000-141,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-5-8)

 

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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