LME Tin to Face Downward Pressure (2017-6-1)

SHANGHAI, Jun. 1 (SMM) –LME tin will fall to USD 20,000/mt if it fails to hold onto the 5-day and 10-day moving averages. SHFE 1709 tin recovered some losses during Wednesday’s night session, but positions did not increase sharply, indicating limited momentum for further rise. The most active contract should move mainly between RMB 142,500-144,500/mt today.

In Shanghai spot tin market, weak SHFE tin will keep mainstream traded prices in check at RMB 140,000-142,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-1)