Metals News
SHFE Tin to Face Downward Pressure (2017-6-5)
price review forecast
09:34AM
Jun 5,2017
Source:SMM

SHANGHAI, Jun. 5 (SMM) –LME tin will face downward pressure and test support at USD 20,000/mt today due to poor US non-farm payrolls and risk aversion triggered by terrorist attack before election in the UK. SHFE 1709 tin will head to RMB 140,000/mt if it fails to hold onto the 40-day moving average, and should move mainly between RMB 142,000-144,000/mt today.

In Shanghai spot tin market, weak SHFE tin and oversupply will send mainstream traded prices down to RMB 139,500-141,500/mt. 
Key Macroeconomic Indicators for Base Metal Prices (2017-6-5)
 

LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data