LME Tin to Challenge Resistance (2017-9-5)

Published: Sep 05, 2017 09:38 (GMT+8)

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LME tin will challenge resistance at USD 20,900/mt due to a weak dollar.

SHANGHAI, Sep. 5 (SMM) –LME tin will challenge resistance at USD 20,900/mt due to a weak dollar. SHFE 1801 tin rose after a low opening during Monday’s night session, and should move mainly within RMB 146,500-148,500/mt today.

In Shanghai spot market, limited demand will keep mainstream traded prices in check at RMB 144,000-145,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2017-9-5)

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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