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Home / Metal News / LME Tin to Meet Resistance at USD 15,200/mt (2015-12-3)

LME Tin to Meet Resistance at USD 15,200/mt (2015-12-3)

Dec 3, 2015 09:38

Source:SMM

LME tin is expected to meet resistance at USD 15,200/mt on Thursday after losing support at the 5-day moving average overnight.

SHANGHAI, Dec. 3 (SMM) – LME tin is expected to meet resistance at USD 15,200/mt on Thursday after losing support at the 5-day moving average overnight.

SHFE 1601 tin is expected to move between RMB 85,000-86,000/mt today.

See forecast for other base metals, please click: Volatility up in Base Metal Market on Sensitive News, SMM Says

In Shanghai spot market, poor demand will exert downward pressure on prices. Mainstream traded prices are expected at RMB 83,500-86,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-3)

LME tin prices

SHFE tin prices

tin prices

Sn price

base metal price forecast

For queries, please contact William Gu at williamgu@smm.cn

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

LME tin will remain weak and will test support at USD 19,000/mt on Monday

Sep 19, 2016 09:37

SMM Comments

LME Tin to Drift Lower (2016-9-12)

LME tin will hover around the 10-day moving average today with support from worries about market supply.

Sep 12, 2016 09:20

SMM Comments

40% Chinese Tin Smelters Expect Tin Prices to Rise further This Week, SMM Survey

SMM’s survey of major Chinese tin smelters over their opinions on this week’s price outlook shows the following results.

Sep 6, 2016 09:59

SMM Comments

SHFE 1609 Tin Ends with Small Gains (2016-8-12)

On Thursday’s night trading, SHFE 1609 tin opened at RMB 123,180/mt, and ended at RMB 123,720/mt.

Aug 12, 2016 19:11

SMM Comments

SHFE 1609 Tin Ends with Losses (2016-8-11)

On Wednesday’s night trading, SHFE 1609 tin rose to RMB 125,950/mt after opening at RMB 125,000/mt.

Aug 11, 2016 17:07

SMM Comments

SHFE Tin Poised for More Gains (2016-8-10)

SHFE 1609 tin rose during Tuesday’s night trading due to long buying, and will rise further to RMB 123,000-125,500/mt today.

Aug 10, 2016 09:33

SMM Comments

45% Chinese Tin Smelters Expect Tin Prices to Rise further This Week, SMM Survey

SMM’s survey of major Chinese tin smelters over their opinions on this week’s price outlook shows the following results.

Jul 5, 2016 09:44

SMM Comments

SHFE Tin to Stay Weak (2016-6-23)

Caution will prevail before result of UK referendum. LME tin will consolidate at USD 17,000-17,150/mt today.

Jun 23, 2016 09:36

SMM Comments

SHFE 1609 Tin Ends Down (2016-6-15)

On Tuesday’s night trading, SHFE 1609 tin dropped to RMB 111,020/mt due to profit-taking by longs after opening at RMB 111,640/mt, and ended at RMB 111,300/mt.

Jun 15, 2016 19:20

SMM Comments

SHFE 1609 Tin Ends with Small Gains (2016-6-14)

On Monday’s night trading, SHFE 1609 tin moved below RMB 112,000/mt for most of the time after opening at RMB 112,000/mt, briefly touching RMB 112,070/mt.

Jun 14, 2016 20:25

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LME Tin to Meet Resistance at USD 15,200/mt (2015-12-3)

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