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SHFE Tin to Trade in Tight Range (2017-5-8)
May 8, 2017 09:35Source:SMM
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 prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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