LME Tin to Hover at Highs (2017-5-23)

Published: May 23, 2017 09:42

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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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