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.