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LME Tin to Remain Firm (2017-5-22)
May 22, 2017 09:48Source:SMM
LME tin should challenge resistance at USD 20,600/mt today.
SHANGHAI, May 22 (SMM) –LME tin should challenge resistance at USD 20,600/mt today. SHFE 1709 tin broke through previous high on the back of long buying during last Friday’s night session, and should test resistance at RMB 148,000/mt today.
In Shanghai spot tin market, rising LME and SHFE tin will push mainstream traded prices up to RMB 142,000-144,500/mt. But, weak demand will leave spot discounts wide.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-22)
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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