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Home / Metal News / LME Tin Faces Strong Downward Pressure (2016-1-13)

LME Tin Faces Strong Downward Pressure (2016-1-13)

Jan 13, 2016 09:42

Source:SMM

LME tin will look for support at USD 13,000/mt on Wednesday.

SHANGHAI, Jan. 13 (SMM) –LME tin will look for support at USD 13,000/mt on Wednesday.

SHFE 1605 tin fell during Tuesday’s night session and should drop further to RMB 91,000-93,000/mt today.

See forecast for other base metals, please click: Shorts to Predominate Base Metal Market, SMM Says

In Shanghai spot tin market, prices held above RMB 96,000/mt, despite growing supply. Mainstream traded prices are expected between RMB 96,000-97,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-13)

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME tin will remain under downward pressure and test support at USD 16,300/mt on Friday.

May 20, 2016 09:32

SMM Comments

Brisk Trading Expected in Shanghai Spot Tin Market (2016-5-11)

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May 11, 2016 09:59

SMM Comments

About 45% Chinese Tin Smelters See Tin Prices Fall This Week: SMM Survey

May 10, 2016 10:25

SMM Comments

SHFE 1605 Tin Shoots Up (2016-4-21)

On Wednesday’s night trading, SHFE 1605 tin mainly moved between RMB 111,200-112,000/mt after opening at RMB 112,370/mt.

Apr 21, 2016 17:34

SMM Comments

SHFE Tin Extends Declines (2016-3-31)

Short selling sent SHFE 1605 tin down to RMB 103,010/mt on Thursday after opening at RMB 105,240/mt.

Mar 31, 2016 17:37

SMM Comments

SHFE Tin Ends with Big Loss (2016-3-30)

Short selling sent SHFE 1605 tin down to RMB 105,060/mt on Wednesday.

Mar 30, 2016 17:36

SMM Comments

SHFE Aluminum to Gather Strength on Softer Dollar (2016-3-30)

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Mar 30, 2016 09:26

SMM Comments

About 40% of Chinese Tin Smelters See Tin Prices Fall This Week: SMM Survey

About 40% of Chinese tin smelters surveyed by SMM expect tin prices to fall this week.

Mar 29, 2016 10:03

SMM Comments

SHFE Tin Prices to Rise further (2016-3-28)

SHFE 1605 tin jumped to RMB 112,820/mt during last Friday’s night session.

Mar 28, 2016 09:27

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2016-3-25)

UK and US financial markets are closed on Friday because of the Good Friday holiday.

Mar 25, 2016 09:14

SMM Comments

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LME Tin Faces Strong Downward Pressure (2016-1-13)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025