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LME Tin to Move Higher (2017-9-19)
Sep 19, 2017 09:42Source:SMM
LME tin will challenge USD 20,900/mt in the short term.
SHANGHAI, Sept. 19 (SMM) –LME tin will challenge USD 20,900/mt in the short term. SHFE 1801 tin hovered around the 5-day and 10-day moving averages during Monday’s night session, and should move mainly within RMB 143,500-145,000/mt today.
In Shanghai spot market, supply will be ample. Downstream producers will stock goods for upcoming 2017 Chinese National Day holiday (Oct. 1-7). Mainstream traded prices will hold stable at RMB 141,500-143,500/mt.
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