SHANGHAI, Jul. 26 (SMM) – It is expected that the US Fed will make no changes in monetary policy during its July meeting. Investors will closely watch the US Fed’s policy statement to seek clues for future policy path. LME tin will move between USD 17,500-18,200/mt.
SHFE 1609 tin should move between RMB 117,000-118,500/mt today.
In Shanghai spot tin market, mainstream traded prices are expected at RMB 117,000-118,000/mt, with buyers buying only as needed.
Key Macroeconomic Indicators for Base Metal Prices (2016-7-26)