LME Tin to Move Higher (2017-9-19) -Shanghai Metals Market

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LME Tin to Move Higher (2017-9-19) 

Price Review & Forecast 09:42:36AM Sep 19, 2017 Source:SMM

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. 

 

LME Tin to Move Higher (2017-9-19) 

Price Review & Forecast 09:42:36AM Sep 19, 2017 Source:SMM

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.