Tin Prices to Rise in Shanghai Spot Market (2016-11-4)-Shanghai Metals Market

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Tin Prices to Rise in Shanghai Spot Market (2016-11-4)

Price Review & Forecast 09:23:19AM Nov 04, 2016 Source:SMM

SHANGHAI, Nov. 4 (SMM) – Market attention will focus on US non-farm payrolls today. The US dollar index will drop further if non-farm payrolls miss forecast. LME tin will hold firm due to a weak dollar and challenge USD 21,800/mt. 

SHFE 1701 tin will rise to RMB 139,000-140,500/mt today.
In Shanghai spot tin market, limited supply and rising SHFE tin will push mainstream traded prices up to RMB 138,000-139,500/mt.  



 

Price

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#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%)

Tin Prices to Rise in Shanghai Spot Market (2016-11-4)

Price Review & Forecast 09:23:19AM Nov 04, 2016 Source:SMM

SHANGHAI, Nov. 4 (SMM) – Market attention will focus on US non-farm payrolls today. The US dollar index will drop further if non-farm payrolls miss forecast. LME tin will hold firm due to a weak dollar and challenge USD 21,800/mt. 

SHFE 1701 tin will rise to RMB 139,000-140,500/mt today.
In Shanghai spot tin market, limited supply and rising SHFE tin will push mainstream traded prices up to RMB 138,000-139,500/mt.