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Home / Metal News / SHFE Tin to Rally on Short Covering (2016-4-29)

SHFE Tin to Rally on Short Covering (2016-4-29)

Apr 29, 2016 09:32

SHFE 1605 tin fell for five days in a row, but found support at the 60-day moving average.

SHANGHAI, Apr. 29 (SMM) –SHFE 1605 tin fell for five days in a row, but found support at the 60-day moving average. The contract rebounded to RMB 108,660/mt during Thursday’s night session, and is expected to rise further to RMB 108,500-110,000/mt on Friday.

Rising crude oil prices will allow LME tin to move at highs of USD 17,000-17,300/mt.

In Shanghai spot tin market, pre-holiday downstream stocking will push mainstream traded prices up to RMB 110,000-111,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-29)

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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Jul 17, 2017 09:24

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Mar 30, 2017 17:10

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LME Tin to See Range-Bound Trading (2017-3-28)

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Mar 15, 2017 09:50

SMM Comments

Supply Concerns to Support Tin Price Gains, SMM Reports

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Oct 25, 2016 16:30

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Shanghai Spot Tin Prices to Rise (2016-10-21)

In Shanghai spot tin market, mainstream traded prices are expected to rise to RMB 129,500-130,500/mt since environmental protection inspections will hit production at some tin smelters.

Oct 21, 2016 09:39

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SHFE Tin to Rally on Short Covering (2016-4-29)

SMM Events & Webinars

2026 SMM (21th) Lead & Zinc Conference and Industry Expo

2026 (3rd) NET ZERO MEA - Solar & Energy Storage Summit

CLNB 2026 - The 11th New Energy Industry Chain Expo