LME Tin to Stay Firm (2017-9-4)

Published: Sep 4, 2017 09:44

Save

SHFE 1801 tin fell back after small gains during last Friday’s night session, and should move mainly within RMB 147,000-148,500/mt today.

SHANGHAI, Sep. 4 (SMM) –SHFE 1801 tin fell back after small gains during last Friday’s night session, and should move mainly within RMB 147,000-148,500/mt today. LME tin will stay at highs, with resistance at USD 20,900/mt.

In Shanghai spot market, ample supply will send mainstream traded prices down to RMB 143,500-145,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2017-9-4)

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

3 hours ago

The most-traded SHFE tin contract tests the 390,000 yuan mark, spot market trading active [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Tests the 390,000 Yuan Mark; Spot Market Trading Active]

3 hours ago

6 hours ago

SHFE tin fell another 2.22% overnight to close at 394,730 yuan/mt. Both longs and shorts remained cautious ahead of the September FOMC meeting. [SMM Tin Morning Brief]

[SMM tin morning update: SHFE tin fell another 2.22% overnight to close at 394,730 yuan/mt. Both longs and shorts remained on the sidelines ahead of the September FOMC meeting]

6 hours ago

7 hours ago

September Rate Hike Probability Rises to 90%, 390,000 Level Becomes Key Support [SMM Tin Morning Meeting Summary]

[SMM Tin Morning Meeting Summary: September Rate Hike Probability Rises to 90%, 390,000 Becomes Key Support]

7 hours ago