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Home / Metal News / LME Tin to Face Growing Downward Pressure (2017-5-25)

LME Tin to Face Growing Downward Pressure (2017-5-25)

iconMay 25, 2017 09:52
LME tin should face further downward pressure and test support at USD 20,000/mt.

SHANGHAI, May 25 (SMM) –LME tin should face further downward pressure and test support at USD 20,000/mt. SHFE 1709 tin moved between the 5-day and 60-day moving averages during Wednesday’s night session, and should fall to RMB 143,500-145,000/mt today.

In Shanghai spot tin market, the pullback in SHFE tin will help narrow spot discounts. Poor demand will send mainstream traded prices down to RMB 140,500-142,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-5-25)

 

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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