Home / Metal News / Aluminium / SMM Tin Market Morning Review (2014-10-27)
SMM Tin Market Morning Review (2014-10-27)
Oct 27,2014 09:30CST
price review forecast
Source:SMM
LME tin met resistance at the 10-day moving average last Friday.
SHANGHAI, Oct. 27 (SMM) – LME tin met resistance at the 10-day moving average last Friday. The US Federal Reserve is scheduled to issue policy statement this Wednesday. The Fed is expected to keep interest rate low for a longer time to support US economic recovery. Caution will dominate the market before the Fed’s policy decision. LME tin is under downward pressure and will test support at USD 19,000/mt on Monday. In Shanghai spot tin market, depletion of cheap goods will support mainstream traded prices between RMB 135,000-137,500/mt. 
 
 
LME tin prices
Shanghai tin prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news