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Home / Metal News / LME Tin to Find Support from Tight Supply (2016-11-3)

LME Tin to Find Support from Tight Supply (2016-11-3)

iconNov 3, 2016 09:21
Source:SMM
LME tin will find support from tight supply and test support at USD 20,650/mt today.

SHANGHAI, Nov. 3 (SMM) –LME tin will find support from tight supply and test support at USD 20,650/mt today. All eyes will be on US non-farm payrolls due for release tomorrow and next week’s US presidential election.

SHFE 1701 tin has found support around the 5-day moving average and should move between RMB 135,500-137,000/mt today.
In Shanghai spot tin market, prices will not resist declines due to tight supply. Should SHFE tin continue falling sharply, spot tin will trade at premiums over SHFE tin. Mainstream traded prices are expected at RMB 135,500-137,000/mt.  

Key Macroeconomic Indicators for Base Metal Prices (2016-11-3)

 

 

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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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