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SHFE Tin to Move Higher (2017-7-27)
Jul 27, 2017 09:49LME tin may face technical corrections after seven consecutive days of gains and meet resistance at USD 20,600/mt, but will find some support from weak dollar.
SHANGHAI, Jul. 27 (SMM) –LME tin may face technical corrections after seven consecutive days of gains and meet resistance at USD 20,600/mt, but will find some support from weak dollar. SHFE 1709 tin rallied overnight and should rise further to RMB 147,500-148,500/mt today.
In Shanghai spot tin market, rising SHFE tin will send mainstream traded prices up to RMB 146,000-148,000/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-7-27)
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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