LME Tin to Strengthen (2017-5-12)

SHANGHAI, May 12 (SMM) –LME tin will rise to USD 19,750-20,000/mt. During Thursday’s night session, SHFE 1709 tin rose to RMB 143,500/mt after opening at RMB 142,600/mt, but then fell back to end at RMB 141,970/mt. The contract should range RMB 141,000-143,000/mt today. 

In Shanghai spot tin market, the low-end price should rise slightly, while the high-end price will hardly rise. Mainstream traded prices are expected at RMB 139,000-140,500/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-5-12)