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SHFE Tin to Trade in Tight Range (2017-7-7)
Jul 7, 2017 09:51LME tin will test resistance at USD 20,200/mt and support at USD 19,500/mt, funding some support from a weak dollar.
SHANGHAI, Jul. 7 (SMM) –LME tin will test resistance at USD 20,200/mt and support at USD 19,500/mt, funding some support from a weak dollar. SHFE 1709 tin inched up on dip buying overnight and will move mainly at RMB 143,500-145,000/mt today.
In Shanghai spot tin market, many goods from Yunnan have been tied up for hedging, allowing prices of goods from Yunnan to hold firm. Mainstream traded prices are expected at RMB 140,500-143,000/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-7-7)
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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