LME Tin to Be Range-Bound (2016-1-20)

SHANGHAI, Jan. 20 (SMM) –LME tin will test support at USD 13,000/mt and meet resistance at USD 13,500/mt on Wednesday.  

In Shanghai spot tin market, possible inflow of deliverable goods and weak SHFE tin prices will keep mainstream traded prices in checkl between RMB 95,500-97,000/mt. 

See forecast for other base metals, please click: Shanghai Market to See Diverging Trends, SMM Says

SHFE 1605 tin fell back during Tuesday’s night session and should move at RMB 93,500-94,500/mt, testing support at the 5-day moving average. 

Key Macroeconomic Indicators for Base Metal Prices (2016-1-20)