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LME Tin to Stay at Highs (2017-7-21)
Jul 21, 2017 09:42Source:SMM
LME tin will test resistance at USD 20,200/mt and find support at USD 20,000/mt today due to a weaker dollar.
SHANGHAI, Jul. 21 (SMM) –LME tin will test resistance at USD 20,200/mt and find support at USD 20,000/mt today due to a weaker dollar. SHFE 1709 tin should fall further to RMB 145,000-146,500/mt today.
In Shanghai spot tin market, falling SHFE tin will drag spot prices down, but any decline will be limited due to tight supply of certain brands. Mainstream traded prices are expected at RMB 143,000-146,000/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-7-21)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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