SHFE Tin to Search for Direction (2017-6-2)-Shanghai Metals Market

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SHFE Tin to Search for Direction (2017-6-2)

Price Review & Forecast 09:50:55AM Jun 02, 2017 Source:SMM

SHANGHAI, Jun. 2 (SMM) – Trump’s plan to withdraw from Paris climate agreement will add to uncertainty to US economy. LME tin will move around moving averages. SHFE 1709 tin consolidated during Thursday’s night session, and should move between RMB 142,500-144,500/mt today.

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

Key Macroeconomic Indicators for Base Metal Prices (2017-6-2)

 

SHFE Tin to Search for Direction (2017-6-2)

Price Review & Forecast 09:50:55AM Jun 02, 2017 Source:SMM

SHANGHAI, Jun. 2 (SMM) – Trump’s plan to withdraw from Paris climate agreement will add to uncertainty to US economy. LME tin will move around moving averages. SHFE 1709 tin consolidated during Thursday’s night session, and should move between RMB 142,500-144,500/mt today.

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

Key Macroeconomic Indicators for Base Metal Prices (2017-6-2)