Home / Metal News / Tin / LME Tin to Lack Upward Momentum (2017-8-23) 
LME Tin to Lack Upward Momentum (2017-8-23) 
Aug 23,2017 09:36CST
price review forecast
Source:SMM
LME tin should test resistance at USD 20,900/mt today and support at USD 20,000/mt.

SHANGHAI, Aug. 23 (SMM) –LME tin should test resistance at USD 20,900/mt today and support at USD 20,000/mt. SHFE 1709 tin fell sharply overnight and closed at close to RMB 142,000/mt. The contract will fall further to RMB 137,000/mt today if it loses support at RMB 141,000/mt.   

In Shanghai spot tin market, falling SHFE tin will push mainstream traded prices down to RMB 141,500-143,000/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-8-23)

 

LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news