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Home / Metal News / SHFE Tin to Stay Weak (2016-7-8)

SHFE Tin to Stay Weak (2016-7-8)

Jul 8, 2016 09:32

It is expected that US non-farm payrolls will increase 180,000 in June. LME tin will be range-bound, with support at USD 17,500/mt and resistance at USD 18,200/mt.

SHANGHAI, Jul. 8 (SMM) – It is expected that US non-farm payrolls will increase 180,000 in June. LME tin will be range-bound, with support at USD 17,500/mt and resistance at USD 18,200/mt.

SHFE 1609 tin fell to the 10-day moving average during Thursday’s night session and should move at RMB 116,000-118,500/mt today.

In Shanghai spot tin market, pullback in SHFE tin will send mainstream traded prices down to RMB 115,500-117,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-8)

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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On last Friday’s night trading, the dollar was hit by several negative factors, and base metals were mixed, with nickel outperforming others.

Jul 17, 2017 09:24

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Jul. 17, 2017)

SMM Price Outlook for Base Metals on SHFE (Jul. 6, 2017)

Base metals weakened across the board on Wednesday’s night trading except aluminum, which got a boost from cut news in Xinjiang.

Jul 6, 2017 09:07

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Jul. 6, 2017)

LME Tin to Hover at Highs (2017-7-3)

LME tin will hover around USD 20,000/mt today.

Jul 3, 2017 09:53

SMM Comments

Goldman Sachs Expect Copper Price to Keep Rising, and Bloomberg Survey Finds Analysts Bullish Too

Goldman Sachs said in its report on Thursday that copper price is expected to keep advancing in the short term.

Jun 30, 2017 10:16

Industry Reminder

Goldman Sachs Expect Copper Price to Keep Rising, and Bloomberg Survey Finds Analysts Bullish Too

SHFE Tin Prices down 0.29% (2017-3-30)

SHFE 1705 tin declined below the moving average and ended at RMB 143,000/mt, down RMB 410/mt or 0.29%.

Mar 30, 2017 17:10

SMM Comments

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

LME tin will fluctuate with support at USD 19,600/mt and resistance at USD 20,100/mt. SHFE 1705 tin will move between RMB 142,500-145,000/mt on Tuesday.

Mar 28, 2017 09:40

SMM Comments

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

LME Tin to Consolidate at Highs (2017-3-15)

The US dollar will rise further today due to a possible rate hike announcement tomorrow and positive economic data from the US on Tuesday. LME tin will consolidate at highs. SHFE 1705 tin will move at

Mar 15, 2017 09:50

SMM Comments

Supply Concerns to Support Tin Price Gains, SMM Reports

Tin prices have been performing quite well recently and will remain firm on low stocks and expectations for tightening supply, despite a strong US dollar, SMM says.

Oct 25, 2016 16:30

SMM Insight

LME Tin to Remain Range-Bound (2016-9-21)

LME tin will remain range-bound between USD 19,200-19,700/mt due to strong market caution before result of the US Fed and Bank of Japan’s policy meetings.

Sep 21, 2016 09:29

SMM Comments

LME Tin to Face Pains from Firmer Dollar (2016-9-19)

LME tin will remain weak and will test support at USD 19,000/mt on Monday

Sep 19, 2016 09:37

SMM Comments

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SHFE Tin to Stay Weak (2016-7-8)

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