SHFE Tin to Outperform LME Tin (2016-1-11)

Published: Jan 11, 2016 09:44

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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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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