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LME Tin to Extend Gains (2017-6-19)

Published: Jun 19, 2017 09:48
LME tin drifter higher after a high opening today, reaching the 20-day and 40-day moving averages and will test resistance at USD 19,900/mt.

SHANGHAI, Jun. 19 (SMM) –LME tin drifter higher after a high opening today, reaching the 20-day and 40-day moving averages and will test resistance at USD 19,900/mt. SHFE 1709 tin will consolidate and move mainly at RMB 144,000-146,000/mt. 

In Shanghai spot tin market, mainstream traded prices are expected to lose upward momentum and range RMB 141,500-143,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-19)

 

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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