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

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

Price Review & Forecast 09:58:57AM Jun 14, 2017 Source:SMM

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)

 

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

Price Review & Forecast 09:58:57AM Jun 14, 2017 Source:SMM

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)