Shanghai Spot Tin Prices to Rise (2017-6-13)-Shanghai Metals Market

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Shanghai Spot Tin Prices to Rise (2017-6-13)

Price Review & Forecast 09:55:14AM Jun 13, 2017 Source:SMM

SHANGHAI, Jun. 13 (SMM) –LME tin rebounded and will rise further to test resistance at USD 19,200/mt. SHFE 1709 tin met resistance at the 10-day and 40-day moving averages last night and will move mainly at RMB 141,000-142,500/mt today. 

In Shanghai spot tin market, rising SHFE tin will push spot prices up, but plentiful supply will curb upside room. Mainstream traded prices are expected at RMB 139,000-141,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-13)
 

Shanghai Spot Tin Prices to Rise (2017-6-13)

Price Review & Forecast 09:55:14AM Jun 13, 2017 Source:SMM

SHANGHAI, Jun. 13 (SMM) –LME tin rebounded and will rise further to test resistance at USD 19,200/mt. SHFE 1709 tin met resistance at the 10-day and 40-day moving averages last night and will move mainly at RMB 141,000-142,500/mt today. 

In Shanghai spot tin market, rising SHFE tin will push spot prices up, but plentiful supply will curb upside room. Mainstream traded prices are expected at RMB 139,000-141,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-13)