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LME Tin to Find Support (2017-10-12)
Oct 12, 2017 09:27Source:SMM
LME tin will find support at USD 20,500/mt today due to a weak dollar.
SHANGHAI, Oct. 12 (SMM) –LME tin will find support at USD 20,500/mt today due to a weak dollar. SHFE 1801 tin hovered around the 20-day moving average during Wednesday’s night session, and should move mainly within RMB 145,000-147,000/mt today.
In Shanghai spot market, spot prices followed SHFE tin down yesterday. Mainstream traded prices will be RMB 142,500-144,500/mt today.
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