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

Published: Nov 3, 2016 09:21

Save

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

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14

Feb 6, 2026 11:59

The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend]

Feb 6, 2026 11:59

Feb 6, 2026 08:49

The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Fluctuated Rangebound During the Night Session, Downstream Enterprises Mostly Followed Up with Small-Lot Transactions]

Feb 6, 2026 08:49