LME Tin to Hover at Highs (2017-10-10)

Published: Oct 10, 2017 09:20

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LME tin will still hover at highs on Tuesday, with resistance at USD 21,200/mt. On Monday’s night trading, profit-taking by some longs curbed its price gains on the SHFE tin.

SHANGHAI, Oct. 10 (SMM) – LME tin will still hover at highs on Tuesday, with resistance at USD 21,200/mt. On Monday’s night trading, profit-taking by some longs curbed its price gains on the SHFE tin, and on Tuesday, SHFE tin is estimated to fluctuate between RMB 147,000-148,500/mt.

In China’s domestic spot market, price will get support from strong movements on the SHFE tin market, with spot price estimated between RMB 143,500-146,500/mt.

tin price SHFE tin price base metal price forecast

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