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SHFE Tin to Challenge Resistance (2017-9-12)
Sep 12, 2017 09:40Source:SMM
LME tin will find support at USD 20,400/mt and meet resistance at USD 20,900/mt today.
SHANGHAI, Sep. 12 (SMM) –LME tin will find support at USD 20,400/mt and meet resistance at USD 20,900/mt today. SHFE 1801 tin inched up during Monday’s night session, but met resistance at the 5-day moving average. The contract should try to work higher to RMB 144,000-146,000/mt today.
In Shanghai spot market, mainstream traded prices will be RMB 142,000-144,000/mt, finding support from SHFE tin.
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