SHFE Tin to Hover at Highs (2017-9-27)

Published: Sep 27, 2017 09:34

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LME tin will find support at USD 20,400/mt and resistance at USD 20,900/mt today.

SHANGHAI, Sept. 27 (SMM) –LME tin will find support at USD 20,400/mt and resistance at USD 20,900/mt today. SHFE 1801 tin hovered around the 40-day and 60-day moving averages during Tuesday’s night session, and should move mainly within RMB 146,000-147,000/mt today. Investors may pull out before the upcoming holiday in China.

In Shanghai spot market, strong SHFE tin will support mainstream traded prices at RMB 143,500-145,000/mt.

LME tin prices SHFE tin prices tin prices Sn price base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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