LME Tin to Hover at Highs (2017-7-4) -Shanghai Metals Market

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LME Tin to Hover at Highs (2017-7-4) 

Price Review & Forecast 09:46:31AM Jul 04, 2017 Source:SMM

SHANGHAI, Jul. 4 (SMM) –LME tin will hover at highs and test resistance at USD 20,600/mt today. SHFE 1709 tin jumped to RMB 146,600/mt during Monday’s night session and will move mainly at RMB 145,300-146,500/mt today.  

In Shanghai spot tin market, strong SHFE tin will support spot prices. Delivery brand goods from Yunnan will gain favor. Mainstream traded prices are expected at RMB 141,500-144,000/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-7-4)


 

LME Tin to Hover at Highs (2017-7-4) 

Price Review & Forecast 09:46:31AM Jul 04, 2017 Source:SMM

SHANGHAI, Jul. 4 (SMM) –LME tin will hover at highs and test resistance at USD 20,600/mt today. SHFE 1709 tin jumped to RMB 146,600/mt during Monday’s night session and will move mainly at RMB 145,300-146,500/mt today.  

In Shanghai spot tin market, strong SHFE tin will support spot prices. Delivery brand goods from Yunnan will gain favor. Mainstream traded prices are expected at RMB 141,500-144,000/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-7-4)