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

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

Price Review & Forecast 09:46:10AM Jun 16, 2017 Source:SMM

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)
 

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

Price Review & Forecast 09:46:10AM Jun 16, 2017 Source:SMM

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)