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Home / Metal News / LME Tin to Meet Strong Resistance (2017-5-18)

LME Tin to Meet Strong Resistance (2017-5-18)

iconMay 19, 2017 09:43
LME tin should meet resistance at USD 20,600/mt today.

SHANGHAI, May 18 (SMM) –LME tin should meet resistance at USD 20,600/mt today. SHFE 1709 tin rose slightly during Thursday’s night session, but failed to break through the 60-day moving average. The contract should range RMB 142,500-144,500/mt today, testing resistance at the 60-day moving average.  

In Shanghai spot tin market, spot discounts will remain high due to soft demand. Mainstream traded prices are expected at RMB 139,500-142,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-5-19)

 

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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