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Home / Metal News / LME Tin to Challenge Resistance at USD 14,800/mt (2015-11-26)

LME Tin to Challenge Resistance at USD 14,800/mt (2015-11-26)

iconNov 26, 2015 09:39
LME tin broke through the 5-day moving average overnight and should challenge resistance at USD 14,800/mt on Thursday.

SHANGHAI, Nov. 26 (SMM) – LME tin broke through the 5-day moving average overnight and should challenge resistance at USD 14,800/mt on Thursday. 

SHFE 1601 tin moved up during Wednesday’s night session on dip-buying, and is expected to stay high between RMB 83,000-85,000/mt today.  

See forecast for other base metals, please click: Base Metals Close with Gains Despite Strong Dollar, SMM Says

In Shanghai spot market, supply of cheap goods will decrease slightly, and demand will remain weak. Mainstream traded prices are expected at RMB 84,000-87,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-26)   






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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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