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LME Tin to Hover at Highs (2017-5-23)
May 23, 2017 09:42LME 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
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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