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

Published: Oct 21, 2016 09:39
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.

SHANGHAI, Oct. 21 (SMM) –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.

LME tin will face downward pressure, with resistance at USD 20,000/mt and support at USD 19,750/mt. 

SHFE 1701 tin should move at RMB 129,000-131,000/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-10-21)
 

LME tin pricesSHFE tin pricestin pricesSn pricebase 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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Shanghai Spot Tin Prices to Rise (2016-10-21) - Shanghai Metals Market (SMM)