LME Tin to Extend Gains (2017-6-30) -Shanghai Metals Market

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LME Tin to Extend Gains (2017-6-30) 

Price Review & Forecast 09:41:38AM Jun 30, 2017 Source:SMM

SHANGHAI, Jun. 30 (SMM) –LME tin will rise further to challenge resistance at USD 20,600/mt due to a weaker dollar. SHFE 1709 tin failed to break through RMB 146,000/mt overnight and will move at highs of RMB 145,000-146,000/mt today, supported by strong LME tin. 

In Shanghai spot tin market, mainstream traded prices will follow LME and SHFE tin up to RMB 141,500-143,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-30)

 

LME Tin to Extend Gains (2017-6-30) 

Price Review & Forecast 09:41:38AM Jun 30, 2017 Source:SMM

SHANGHAI, Jun. 30 (SMM) –LME tin will rise further to challenge resistance at USD 20,600/mt due to a weaker dollar. SHFE 1709 tin failed to break through RMB 146,000/mt overnight and will move at highs of RMB 145,000-146,000/mt today, supported by strong LME tin. 

In Shanghai spot tin market, mainstream traded prices will follow LME and SHFE tin up to RMB 141,500-143,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-6-30)