SHFE Tin Price to Weaken (2017-9-22)

Published: Sep 22, 2017 09:43

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LME tin will test support from the 60-dau moving average, and will look for support from USD 20,000/mt if prices fall below this level.

SHANGHAI, Sept. 22 (SMM) – LME tin will test support from the 60-dau moving average, and will look for support from USD 20,000/mt if prices fall below this level. SHFE tin dropped overnight and closed down 1.25%, and may test support from RMB 142,500/mt, moving between RMB 142,500-144,500/mt today. Spot tin will trade at RMB 141,000-142,500/mt.

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