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LME Tin to Trade in Tight Range (2017-7-17)
Jul 17, 2017 09:41Source:SMM
LME tin will meet resistance at USD 20,050/mt and find support at USD 19,800/mt.
SHANGHAI, Jul. 17 (SMM) –LME tin will meet resistance at USD 20,050/mt and find support at USD 19,800/mt. SHFE 1709 tin rallied and closed at RMB 144,250/mt during last Friday’s night session, but met strong resistance at RMB 144,500/mt. The contract should range RMB 143,000-144,500/mt today.
In Shanghai spot tin market, mainstream traded prices are expected at RMB 141,000-143,500/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-7-17)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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