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SHFE Tin to Move at Highs (2017-6-14)

Published: Jun 14, 2017 09:58
LME tin will rise further to test resistance at USD 19,600/mt.

SHANGHAI, Jun. 14 (SMM) –LME tin will rise further to test resistance at USD 19,600/mt. SHFE 1709 tin will move mainly at RMB 143,500-146,000/mt today, testing resistance at RMB 146,000/mt. 

In Shanghai spot tin market, spot discounts expanded due to sharply rising SHFE tin. Plentiful supply will leave spot discounts still wide. Mainstream traded prices are expected at RMB 141,000-143,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-14)

 

LME tin pricesSHFE tin pricestin pricesSn pricebase metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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