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LME Tin to Hover at Lows (2017-5-10)
May 10, 2017 09:29Source:SMM
LME tin will remain weak between USD 13,600-13,850/mt.
SHANGHAI, May 10 (SMM) –LME tin will remain weak between USD 13,600-13,850/mt. SHFE 1709 tin rose to RMB 142,610/mt during Tuesday’s night session, but then fell back to close at RMB 141,460/mt. The contract should range RMB 141,000-143,000/mt today, with support at moving averages.
In Shanghai spot tin market, cheap goods will be rarely found, but trading will be thin at high prices. Mainstream traded prices are expected at RMB 139,000-140,500/mt.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-10)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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