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

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Futures movement
  • Zinc
  • Aluminium
  • Nickel
  • Copper
  • hydrogenation stations
  • nickel laterite
  • Market commentary
  • In the United States
  • Morning comments
  • Nickel ore

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

Price Review & Forecast 09:36:59AM Jun 01, 2017 Source:SMM

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 to Face Downward Pressure (2017-6-1)

Price Review & Forecast 09:36:59AM Jun 01, 2017 Source:SMM

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)