SHFE Tin to Challenge Resistance (2017-9-12) -Shanghai Metals Market

Hot Keywords

  • Nickel
  • Nickel ore
  • Inventory data
  • Copper
  • Stainless steel
  • Rare earths
  • Aluminium
  • Macroeconomics
  • Zinc
  • Iron ore
  • Production data
  • Market commentary
  • Tin
  • Morning comments
  • Futures movement

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

Price Review & Forecast 09:40:02AM Sep 12, 2017 Source:SMM

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.   

 

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

Price Review & Forecast 09:40:02AM Sep 12, 2017 Source:SMM

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.