SHFE Tin to Hover at Highs (2017-8-4)

Published: Aug 4, 2017 09:30

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LME tin will challenge USD 20,800/mt today due to a weak dollar.

SHANGHAI, Aug. 4 (SMM) –LME tin will challenge USD 20,800/mt today due to a weak dollar. SHFE 1709 tin rose overnight due to short covering and will rise further if it breaks through resistance at moving averages. The contract should move mainly at RMB 147,000-148,500/mt today.

In Shanghai spot tin market, strong SHFE tin will support mainstream traded prices at RMB 146,500-148,500/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-4)

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 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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