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Home / Metal News / SHFE Tin to Stay Weak (2016-3-30)

SHFE Tin to Stay Weak (2016-3-30)

iconMar 30, 2016 09:25
Source:SMM
Short selling sent SHFE 1605 tin down to RMB 105,520/mt during Tuesday’s night session.

SHANGHAI, Mar. 30 (SMM) –Short selling sent SHFE 1605 tin down to RMB 105,520/mt during Tuesday’s night session. The most active contract is expected to test support at the 40-day moving average and move at RMB 106,000-109,000/mt on Wednesday.  

LME tin will test support at the 20-day moving average, and head for USD 16,500/mt if it fails to hold onto the 20-day moving average. 

In Shanghai spot tin market, buyers will go bargain hunting. Mainstream traded prices are expected at RMB 108,000-110,000/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-30)



LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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