Shanghai Tin Prices to Lack Upward Momentum (2017-6-16)

Published: Jun 16, 2017 09:46

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LME tin will test support at USD 18,600/mt and resistance at USD 19,600/mt.

SHANGHAI, Jun. 16 (SMM) –LME tin will test support at USD 18,600/mt and resistance at USD 19,600/mt. SHFE 1709 tin will move mainly at RMB 144,000-146,000/mt.

In Shanghai spot tin market, spot prices will lack upward momentum due to weak demand. Mainstream traded prices are expected at RMB 141,500-143,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-16)

LME tin prices SHFE tin prices tin prices Sn price base 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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