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Home / Metal News / LME Tin to Face Downward Pressure (2017-6-1)

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

iconJun 1, 2017 09:36
Source:SMM
LME tin will fall to USD 20,000/mt if it fails to hold onto the 5-day and 10-day moving averages.

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)

 

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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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