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Home / Metal News / Upward momentum of LME Tin to wane (2015-11-27)

Upward momentum of LME Tin to wane (2015-11-27)

Nov 27, 2015 09:45

LME tin’s upward momentum is expected to wane due to a lack of buying and should meet resistance at USD 15,200/mt on Friday.

SHANGHAI, Nov. 27 (SMM) – LME tin’s upward momentum is expected to wane due to a lack of buying and should meet resistance at USD 15,200/mt on Friday.

SHFE 1601 tin is expected to stay high between RMB 84,700-86,400/mt today.

See forecast for other base metals, please click: Short-Covering Strength to Wane, with Aluminum and Nickel Stronger, SMM Says

In Shanghai spot market, rising tin prices on the SHFE and LME will shore up spot prices. But weak demand will curtail price gains. Mainstream traded prices are expected at RMB 84,500-87,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-27)

LME tin prices

SHFE tin prices

tin prices

Sn price

base metal price forecast

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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LME tin will remain under downward pressure and test support at USD 16,300/mt on Friday.

May 20, 2016 09:32

SMM Comments

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May 11, 2016 09:59

SMM Comments

SHFE 1605 Tin Shoots Up (2016-4-21)

On Wednesday’s night trading, SHFE 1605 tin mainly moved between RMB 111,200-112,000/mt after opening at RMB 112,370/mt.

Apr 21, 2016 17:34

SMM Comments

SHFE Tin Extends Declines (2016-3-31)

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Mar 31, 2016 17:37

SMM Comments

SHFE Tin Ends with Big Loss (2016-3-30)

Short selling sent SHFE 1605 tin down to RMB 105,060/mt on Wednesday.

Mar 30, 2016 17:36

SMM Comments

SHFE Aluminum to Gather Strength on Softer Dollar (2016-3-30)

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Mar 30, 2016 09:26

SMM Comments

About 40% of Chinese Tin Smelters See Tin Prices Fall This Week: SMM Survey

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Mar 29, 2016 10:03

SMM Comments

SHFE Tin Prices to Rise further (2016-3-28)

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Mar 28, 2016 09:27

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2016-3-25)

UK and US financial markets are closed on Friday because of the Good Friday holiday.

Mar 25, 2016 09:14

SMM Comments

LME Tin to Lack further Upward Momentum (2016-3-24)

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Mar 24, 2016 09:18

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Upward momentum of LME Tin to wane (2015-11-27)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025