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LME Tin to Hover at Highs (2017-5-23)
May 23, 2017 09:42Source:SMM
LME tin should hover at highs and challenge resistance at USD 20,600/mt today, due to a weak dollar and worries over LME tin stocks.
SHANGHAI, May 23 (SMM) –LME tin should hover at highs and challenge resistance at USD 20,600/mt today, due to a weak dollar and worries over LME tin stocks. SHFE 1709 tin consolidated at highs during Monday’s night session, and should move at RMB 144,500-147,500/mt today.
In Shanghai spot tin market, poor demand will push mainstream traded prices down to RMB 142,000-144,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-23)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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