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LME Tin to Face Technical Corrections (2017-8-1)
Aug 1, 2017 09:33Source:SMM
LME tin, which has been closing with gains for ten consecutive trading days, will face corrections in the short term and test support at USD 20,500/mt today.
SHANGHAI, Aug. 1 (SMM) –LME tin, which has been closing with gains for ten consecutive trading days, will face corrections in the short term and test support at USD 20,500/mt today. SHFE 1709 tin should move mainly at RMB 149,000-150,000/mt today.
In Shanghai spot tin market, spot prices will face pressure from weak SHFE tin, but will find support from limited supply of Yunxi brand tin and other brands. Mainstream traded prices are expected at RMB 147,500-150,000/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-8-1)
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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