LME Tin to Trade in Tight Range (2017-6-26)

Published: Jun 26, 2017 09:37

Save

LME tin will test support at USD 18,600/mt and resistance at USD 19,900/mt.

SHANGHAI, Jun. 26 (SMM) –LME tin will test support at USD 18,600/mt and resistance at USD 19,900/mt. SHFE 1709 tin will move mainly at RMB 143,000-145,000/mt today.

In Shanghai spot tin market, limited supply of goods from Yunnan will support spot prices. Trading will be muted at higher prices. Mainstream traded prices are expected at RMB 141,000-142,500/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-26)

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Macro headwinds marginally blunt, coupled with active market trading, the most-traded SHFE tin contract rebounds after dipping [SMM Tin Midday Review]

[SMM Tin Midday Review: Macro Headwinds Marginally Diminish and Active Market Trading Drive the Most-Traded SHFE Tin Contract to Rebound from Lows]

2 hours ago

5 hours ago

LME tin inventory 4,890 mt, down 230 mt; September FOMC rate hike almost certain, watch for decision [SMM Tin Morning News]

[SMM Tin Morning Update: LME tin inventory at 4,890 mt, down 230 mt; September FOMC rate hike almost certain, watch for decision]

5 hours ago

SHFE tin stabilized at 394,010, down slightly by 0.13%, LME tin inventory decreased by 230 mt to 4,890 [SMM Tin Morning Meeting Summary]

[SMM Tin Morning Meeting Summary: SHFE tin stabilized at 394,010, down slightly by 0.13%, LME tin inventory decreased by 230 mt to 4,890]

5 hours ago