SHFE Tin to Face Downward Pressure (2017-5-24)

Published: May 24, 2017 09:49

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LME tin should meet resistance at USD 20,600/mt and test support at USD 20,300/mt today.

SHANGHAI, May 24 (SMM) –LME tin should meet resistance at USD 20,600/mt and test support at USD 20,300/mt today. SHFE 1709 tin hovered narrowly at highs during Tuesday’s night session, but may face downward pressure today, testing support at RMB 144,000/mt.

In Shanghai spot tin market, demand will be poor and mainstream traded prices are expected at RMB 141,500-143,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-24)

LME tin prices SHFE tin prices tin prices Sn price base metal price forecast

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