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

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

Price Review & Forecast 09:37:28AM Jun 26, 2017 Source:SMM

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 to Trade in Tight Range (2017-6-26) 

Price Review & Forecast 09:37:28AM Jun 26, 2017 Source:SMM

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)