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Home / Metal News / SHFE Tin to Face Downward Pressure (2017-5-24)

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

iconMay 24, 2017 09:49
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
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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