LME Tin to Trade in Recent Range (2017-6-22) -Shanghai Metals Market

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LME Tin to Trade in Recent Range (2017-6-22) 

Price Review & Forecast 09:38:47AM Jun 22, 2017 Source:SMM

SHANGHAI, Jun. 22 (SMM) –LME tin will find support at USD 19,300/mt and meet resistance at USD 19,900/mt. SHFE 1709 tin inched up overnight, but failed to break through moving averages, and will move mainly at RMB 142,800-144,000/mt today. 

In Shanghai spot tin market, stabilizing SHFE tin will support mainstream traded prices at RMB 140,000-142,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-22)

 

LME Tin to Trade in Recent Range (2017-6-22) 

Price Review & Forecast 09:38:47AM Jun 22, 2017 Source:SMM

SHANGHAI, Jun. 22 (SMM) –LME tin will find support at USD 19,300/mt and meet resistance at USD 19,900/mt. SHFE 1709 tin inched up overnight, but failed to break through moving averages, and will move mainly at RMB 142,800-144,000/mt today. 

In Shanghai spot tin market, stabilizing SHFE tin will support mainstream traded prices at RMB 140,000-142,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-22)