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LME Tin to Face Growing Downward Pressure (2017-5-25)
May 25,2017 09:52
CSTprice review forecast
Source:SMM
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
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