Shanghai Spot Tin Prices to Find Support from SHFE Tin (2016-10-10)

Published: Oct 10, 2016 11:18

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In Shanghai spot tin market, mainstream traded prices will hold firm at RMB 128,500-129,500/mt. SHFE 1701 tin will move at RMB 127,500-130,000/mt.

SHANGHAI, Oct. 10 (SMM) –In Shanghai spot tin market, mainstream traded prices will hold firm at RMB 128,500-129,500/mt. SHFE 1701 tin will move at RMB 127,500-130,000/mt.

The British pound plunged, while US non-farm payrolls missed forecast. Market will closely watch impact on home buying from tightening property market policy in China.

LME tin will meet resistance at USD 20,600/mt and find support at USD 19,700/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-10-10)

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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