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Home / Metal News / LME Tin to Trade in Tight Range (2017-7-17)

LME Tin to Trade in Tight Range (2017-7-17)

Jul 17, 2017 09:41

Source: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)

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