SHFE Tin to Trade in Tight Range (2017-5-8)

SHANGHAI, May 8 (SMM) –Market will eye China’s April trade data today. LME tin will head to USD 19,300/mt if it fails to hold onto USD 19,700/mt. SHFE 1709 tin hovered above RMB 140,000/mt during last Friday’s night session on strong market caution and should range RMB 140,000-142,500/mt today.  

In Shanghai spot tin market, weak LME and SHFE tin will keep mainstream traded prices in check at RMB 139,000-141,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-5-8)