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Home / Metal News / LME Tin to Remain Under Downward Pressure (2017-7-6)

LME Tin to Remain Under Downward Pressure (2017-7-6)

Jul 6, 2017 09:49

Source:SMM

LME tin will test resistance at USD 20,600/mt and support at USD 19,400/mt.

SHANGHAI, Jul. 6 (SMM) –LME tin will test resistance at USD 20,600/mt and support at USD 19,400/mt. SHFE 1709 tin sank to the 40-day moving average overnight and will move mainly at RMB 143,500-145,000/mt today.

In Shanghai spot tin market, weak SHFE tin will keep mainstream traded prices in check at RMB 140,500-143,000/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-7-6)

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LME Tin to Remain Under Downward Pressure (2017-7-6)

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