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SHFE Tin to Outperform LME Tin (2016-1-11)
Jan 11, 2016 09:44Source:SMM
SHFE tin will fare better than LME tin on Monday.
SHANGHAI, Jan. 11 (SMM) – SHFE tin will fare better than LME tin on Monday.
LME tin will look for support at USD 13,500/mt while testing resistance at USD 14,000/mt.
SHFE 1605 tin inched up during last Friday’s night session, and should move between RMB 93,000-94,000/mt today.
See forecast for other base metals, please click: Shanghai Base Metal Prices to Weaken, with Eyes on Chinese Yuan
In Shanghai spot tin market, mainstream traded prices are expected between RMB 94,500-96,500/mt, finding support from SHFE tin.
Key Macroeconomic Indicators for Base Metal Prices (2016-1-11)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
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