SHANGHAI, Dec. 10 (SMM) – Both LME and SHFE tin will be weak on Thursday.
LME tin is expected at USD 14,400-14,750/mt, with strong resistance at moving averages. SHFE 1601 tin fell back to RMB 84,460/mt overnight, and should fluctuate at lows of RMB 83,500-85,500/mt.
See forecast for other base metals, please click: Shanghai Base Metal Prices to Rise on Positive News, SMM Says
In Shanghai spot market, some cheap goods will flow in. Trading activity is expected to pick up. Mainstream traded prices are expected at RMB 83,000-84,500/mt.