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Home / Metal News / Shanghai Spot Tin Prices to Hold Firm (2016-2-24)

Shanghai Spot Tin Prices to Hold Firm (2016-2-24)

Feb 24, 2016 09:48

Source:SMM

In Shanghai spot tin market, mainstream traded price are expected to hold firm between RMB 104,500-107,000/mt due to improved market sentiment amid rising SHFE tin prices.

SHANGHAI, Feb. 24 (SMM) –In Shanghai spot tin market, mainstream traded price are expected to hold firm between RMB 104,500-107,000/mt due to improved market sentiment amid rising SHFE tin prices.

SHFE 1605 tin fell back during Tuesday’s night session due to profit-taking by some longs, but should continue hovering at highs of RMB 104,000-106,000/mt today.

LME tin should challenge resistance at USD 16,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-24)

LME tin prices

SHFE tin prices

tin prices

Sn price

base metal price forecast

For queries, please contact William Gu at williamgu@smm.cn

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SMM’s survey of major Chinese tin smelters over their opinions on this week’s price outlook shows the following results.

Sep 6, 2016 09:59

SMM Comments

SHFE 1609 Tin Ends with Small Gains (2016-8-12)

On Thursday’s night trading, SHFE 1609 tin opened at RMB 123,180/mt, and ended at RMB 123,720/mt.

Aug 12, 2016 19:11

SMM Comments

SHFE Tin Poised for More Gains (2016-8-10)

SHFE 1609 tin rose during Tuesday’s night trading due to long buying, and will rise further to RMB 123,000-125,500/mt today.

Aug 10, 2016 09:33

SMM Comments

LME Tin to Remain Range-Bound (2016-7-26)

It is expected that the US Fed will make no changes in monetary policy during its July meeting.

Jul 26, 2016 09:38

SMM Comments

45% Chinese Tin Smelters Expect Tin Prices to Rise further This Week, SMM Survey

SMM’s survey of major Chinese tin smelters over their opinions on this week’s price outlook shows the following results.

Jul 5, 2016 09:44

SMM Comments

SHFE Tin to Stay Weak (2016-6-23)

Caution will prevail before result of UK referendum. LME tin will consolidate at USD 17,000-17,150/mt today.

Jun 23, 2016 09:36

SMM Comments

SHFE 1609 Tin Ends Down (2016-6-15)

On Tuesday’s night trading, SHFE 1609 tin dropped to RMB 111,020/mt due to profit-taking by longs after opening at RMB 111,640/mt, and ended at RMB 111,300/mt.

Jun 15, 2016 19:20

SMM Comments

SHFE 1609 Tin Ends with Small Gains (2016-6-14)

On Monday’s night trading, SHFE 1609 tin moved below RMB 112,000/mt for most of the time after opening at RMB 112,000/mt, briefly touching RMB 112,070/mt.

Jun 14, 2016 20:25

SMM Comments

SHFE 1609 Tin Ends with Gains (2016-6-7)

On Monday’s night trading, SHFE 1609 tin opened at RMB 109,290/mt, and closed at RMB 109,440/mt.

Jun 7, 2016 20:02

SMM Comments

SHFE Tin to Consolidate at Highs (2016-6-7)

SHFE 1609 tin failed to break through the 40-day and 60-day moving averages and should consolidate at RMB 108,000-109,500/mt today.

Jun 7, 2016 09:35

SMM Comments

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