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

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

Price Review & Forecast 09:37:37AM Nov 02, 2016 Source:SMM

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)

 

Price

more
#1 Tin Ingot
Apr.19
146750.0
-500.0
(-0.34%)
Tin Concentrate-Yunnan
Apr.19
131500.0
-500.0
(-0.38%)
Tin Concentrate -Hunan
Apr.19
134750.0
-500.0
(-0.37%)
Tin Concentrate-Jiangxi
Apr.19
134750.0
-500.0
(-0.37%)
Tin Concentrate-Guangxi
Apr.19
134750.0
-500.0
(-0.37%)

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

Price Review & Forecast 09:37:37AM Nov 02, 2016 Source:SMM

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)