LME Tin to Remain Stuck in Recent Range (2017-8-8)

Published: Aug 8, 2017 09:36

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LME tin will test resistance at USD 20,900/mt and support at USD 20,200/mt today.

SHANGHAI, Aug. 8 (SMM) –LME tin will test resistance at USD 20,900/mt and support at USD 20,200/mt today. SHFE 1709 tin found support at the 5-day moving average overnight, and should move mainly at RMB 147,000-149,000/mt today.

In Shanghai spot tin market, strong wait-and-see sentiment will keep mainstream traded prices in check at RMB 146,500-148,000/mt today.

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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