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LME Tin to Fall Further (2017-8-2)
Aug 2, 2017 09:33Source:SMM
LME tin will fall further toward USD 20,200/mt if it loses support at USD 20,400/mt.
SHANGHAI, Aug. 2 (SMM) –LME tin will fall further toward USD 20,200/mt if it loses support at USD 20,400/mt. SHFE 1709 tin should move mainly at RMB 145,500-147,500/mt today.
In Shanghai spot tin market, falling LME and SHFE tin sent spot prices down. Spot discounts narrowed further. Discounts of Yunxi brand tin turned into premiums. Tight supply of certain brands will offer some support to spot prices. Mainstream traded prices are expected at RMB 146,000-147,500/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-8-2)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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