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LME Tin to Extend Gains (2016-10-25)

Published: Oct 25, 2016 09:33
LME tin will continue rising to challenge previous resistance, with strong support at the 5-day moving average.

SHANGHAI, Oct. 25 (SMM) –LME tin will continue rising to challenge previous resistance, with strong support at the 5-day moving average. 

SHFE 1701 tin will challenge resistance at RMB 135,000/mt find support at RMB 132,500/mt with positive technical indicator. 

In Shanghai spot tin market, trading will wane and spot discounts will expand over SHFE 1611 tin.

Key Macroeconomic Indicators for Base Metal Prices (2016-10-25)
 

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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