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SHFE Tin to Hover at Highs (2017-9-27)
Sep 27, 2017 09:34Source:SMM
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.
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