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SHFE Tin to Move Higher (2017-7-27)
Jul 27, 2017 09:49Source: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.
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
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base metal price forecast
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