LME Tin to Strengthen (2017-5-12)

Published: May 12, 2017 09:35

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LME tin will rise to USD 19,750-20,000/mt.

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)

LME tin prices SHFE tin prices tin prices Sn price base 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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