LME Tin to Fall Further (2017-10-23) 

Published: Oct 23, 2017 09:43
LME tin, which lost support at USD 20,000/mt, will test support at USD 19,200/mt today.

SHANGHAI, Oct. 23 (SMM) –LME tin, which lost support at USD 20,000/mt, will test support at USD 19,200/mt today. SHFE 1801 tin, which fell further during last Friday’s night session, will head to RMB 142,500/mt if it loses support at RMB 144,000/mt. The contract The contract will move mainly within RMB 143,000-145,000/mt today.   

In Shanghai spot market, lower LME and SHFE tin will send mainstream traded prices down to RMB 142,000-143,500/mt today. 


 

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn