LME Tin to Fall Back (2017-9-6)

Published: Sep 6, 2017 09:44

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LME tin will fall back in the short term and test support at moving averages.

SHANGHAI, Sep. 6 (SMM) –LME tin will fall back in the short term and test support at moving averages. SHFE 1801 tin hit a low of RMB 145,740/mt during Tuesday’s night session, and should move mainly within RMB 145,000-147,000/mt today.

In Shanghai spot market, weak LME and SHFE tin will sour sentiment. Mainstream traded prices are expected at RMB 143,000-144,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2017-9-6)

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

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