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Home / Metal News / SHFE Tin to Challenge Resistance (2017-9-12)

SHFE Tin to Challenge Resistance (2017-9-12)

Sep 12, 2017 09:40

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.

LME tin prices

SHFE tin prices

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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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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SHFE Tin to Challenge Resistance (2017-9-12)

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