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LME Tin to Look for Support (2017-9-15)
Sep 15, 2017 09:26Source:SMM
LME tin will remain weak in the short term, with support at USD 20,400/mt.
SHANGHAI, Sep. 15 (SMM) –LME tin will remain weak in the short term, with support at USD 20,400/mt. SHFE 1801 tin fell after a high opening during Thursday’s night session, meeting resistance at the 10-day moving average. The contract should move mainly within RMB 144,000-146,000/mt today.
In Shanghai spot market, weak SHFE tin will sour market sentiment. Mainstream traded prices will be RMB 142,000-143,500/mt.
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