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LME Tin to Face Downward Corrections (2016-11-1)

iconNov 1, 2016 09:16
Source:SMM
Market will eye China official and Caixin October manufacturing PMIs today, which are expected to be flat with previous figures.

SHANGHAI, Nov. 1 (SMM) – Market will eye China official and Caixin October manufacturing PMIs today, which are expected to be flat with previous figures. LME tin will test resistance at USD 20,700/mt and face downward corrections after seven consecutive days of rise, with support at USD 20,500/mt.     

SHFE 1701 tin should move between RMB 134,500-136,000/mt today.
In Shanghai spot tin market, mainstream traded prices are expected to hold firm at RMB 134,000-135,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-11-1)

 

 

LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast

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