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.