LME Tin to Stay at Highs (2017-7-21)

Published: Jul 21, 2017 09:42

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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

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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