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LME Tin to Stay Firm (2017-7-19)
Jul 19, 2017 09:55Source:SMM
LME tin will trade at highs of USD 19,900-20,200/mt.
SHANGHAI, Jul. 19 (SMM) –LME tin will trade at highs of USD 19,900-20,200/mt. SHFE 1709 tin rose to RMB 148,240/mt overnight, but then fell back to end at RMB 146,300/mt. SHFE 1709 tin will rise further to RMB 146,000-148,000/mt today.
In Shanghai spot tin market, sellers will be eager to sell at highs, which will widen spot discounts further. Mainstream traded prices are expected at RMB 143,500-146,500/mt today.
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