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

Published: Jul 17, 2017 09:41
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 pricesSHFE tin pricestin pricesSn pricebase metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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LME Tin to Trade in Tight Range (2017-7-17)  - Shanghai Metals Market (SMM)