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SHFE Tin to Extend Gains (2017-7-26) 

Published: Jul 26, 2017 09:43
ME tin may face technical corrections and test resistance at USD 20,600/mt and support at USD 20,000/mt today.

SHANGHAI, Jul. 26 (SMM) –LME tin may face technical corrections and test resistance at USD 20,600/mt and support at USD 20,000/mt today. SHFE 1709 tin should rise further to RMB 146,500-148,000/mt today.    

In Shanghai spot tin market, rising SHFE tin and limited supply of certain brands will push spot prices up further. But, higher prices will dampen buying interest. Mainstream traded prices are expected at RMB 145,000-147,000/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-7-26)

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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