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

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

Price Review & Forecast 11:18:30AM Oct 10, 2016 Source:SMM

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)

 

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

Price Review & Forecast 11:18:30AM Oct 10, 2016 Source:SMM

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)