SHFE Tin to Search for Direction (2017-5-15)-Shanghai Metals Market

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SHFE Tin to Search for Direction (2017-5-15)

Price Review & Forecast 09:28:07AM May 16, 2017 Source:SMM

SHANGHAI, May 15 (SMM) –SHFE 1709 tin will search for direction and range RMB 140,000-143,000/mt today. LME tin will meet resistance and range USD 19,700-19,900/mt today. 

In Shanghai spot tin market, weak consumption and inflows of deliverable goods after delivery of SHFE 1705 tin will send mainstream traded prices down to RMB 139,000-140,500/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-5-16)

 

SHFE Tin to Search for Direction (2017-5-15)

Price Review & Forecast 09:28:07AM May 16, 2017 Source:SMM

SHANGHAI, May 15 (SMM) –SHFE 1709 tin will search for direction and range RMB 140,000-143,000/mt today. LME tin will meet resistance and range USD 19,700-19,900/mt today. 

In Shanghai spot tin market, weak consumption and inflows of deliverable goods after delivery of SHFE 1705 tin will send mainstream traded prices down to RMB 139,000-140,500/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-5-16)