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

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

Price Review & Forecast 09:39:03AM Oct 21, 2016 Source:SMM

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)
 

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

Price Review & Forecast 09:39:03AM Oct 21, 2016 Source:SMM

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)