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Home / Metal News / Brisk Trading Expected in Shanghai Spot Tin Market (2016-5-11)

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

May 11, 2016 09:59

Source:SMM

Market will eye China April social financing and lending data.

SHANGHAI, May 11 (SMM) – Market will eye China April social financing and lending data. There is low possibility for China to loosen monetary policy in the future.

LME tin will move at USD 17,000-17,350/mt on Wednesday, testing resistance at USD 17,260/mt.

SHFE 1609 tin shot up to RMB 109,400/mt during Tuesday’s night session, and should range RMB 108,500-111,000/mt today.

In Shanghai spot tin market, trading will turn active and supply of cheap goods will be tight. Mainstream traded prices are expected at RMB 110,000-112,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-11)

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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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

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)

US Fed Chair Yellen’s cautious attitude toward rate hike path will soften the US dollar.

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

LME Tin to Lack further Upward Momentum (2016-3-24)

LME tin hit a new high yesterday, but rally of US dollar will deprive LME tin of further upward momentum.

Mar 24, 2016 09:18

SMM Comments

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

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