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LME Tin to Face Downward Corrections (2016-11-2)

Published: Nov 2, 2016 09:37
LME tin will face downward corrections after continuous gains, with resistance at USD 20,900/mt and support at USD 20,600/mt.

SHANGHAI, Nov. 2 (SMM) – LME tin will face downward corrections after continuous gains, with resistance at USD 20,900/mt and support at USD 20,600/mt.     

SHFE 1701 tin should stay at highs between RMB 136,000-138,000/mt today.
In Shanghai spot tin market, mainstream traded prices are expected to hold firm at RMB 136,000-137,000/mt.  

Key Macroeconomic Indicators for Base Metal Prices (2016-11-2)

 

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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