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LME Tin to Face Downward Pressure (2017-5-9)

Published: May 9, 2017 09:30
Market will eye a series of Chinese economic data today.

SHANGHAI, May 9 (SMM) –Market will eye a series of Chinese economic data today. LME tin will drop to USD 19,300/mt. SHFE 1709 tin stabilized around RMB 140,000/mt during Monday’s night session, but downward pressure remains. The contract should range RMB 139,000-141,500/mt today.  

In Shanghai spot tin market, weak SHFE tin will push mainstream traded prices down to RMB 138,000-140,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-5-9)

 

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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