SHFE Tin Sets for Gains (2016-11-7)

Price Review & Forecast 09:50:49AM Nov 07, 2016 Source:SMM

SHANGHAI, Nov. 7 (SMM) – Market caution will dominate before US presidential election. LEM tin dropped from highs last Friday with resistance and will hover between USD 20,950-21,300 on Monday. SHFE 1701 tin kept rising momentum last Friday, up to as high as RMB 145,240/mt, and the contract will range at RMB 142,500-145,000/mt on Monday.

In China’s domestic market, spot tin should rise to RMB 142,000-143,500/mt on Monday with increasing SHFE 1701 tin.

Key Words:  SHFE tin  LEM tin  tin prices 

SHFE Tin Sets for Gains (2016-11-7)

Price Review & Forecast 09:50:49AM Nov 07, 2016 Source:SMM

SHANGHAI, Nov. 7 (SMM) – Market caution will dominate before US presidential election. LEM tin dropped from highs last Friday with resistance and will hover between USD 20,950-21,300 on Monday. SHFE 1701 tin kept rising momentum last Friday, up to as high as RMB 145,240/mt, and the contract will range at RMB 142,500-145,000/mt on Monday.

In China’s domestic market, spot tin should rise to RMB 142,000-143,500/mt on Monday with increasing SHFE 1701 tin.

Key Words:  SHFE tin  LEM tin  tin prices