LME Tin to Face Downward Pressure (2017-8-30)

Published: Aug 30, 2017 09:33

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LME tin will face downward pressure from growing geopolitical risks.

SHANGHAI, Aug. 29 (SMM) – LME tin will face downward pressure from growing geopolitical risks. SHFE 1709 tin fell during Tuesday’s night session, and should move mainly within RMB 143,000-145,200/mt today.

Weak SHFE tin will keep spot tin prices in Shanghai in check at RMB 143,500-145,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-30)

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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