Download our mobile app to 
your devices
Android devicesiOS devices
Holiday Pricing ScheduleFREE TRIALCompliance CentreAbout UsContact Us
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltTernary Precursor and MaterialAnode MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
DashboardDatabaseProReportsEventsCar Insight
Home / Metal News / SHFE Tin to Hover at Highs (2016-11-10)

SHFE Tin to Hover at Highs (2016-11-10)

iconNov 10, 2016 10:11
Source:SMM
LME tin is expected to test the 5-day moving average on Thursday and SHFE 1701 tin will hover between RMB 148,000-152,000/mt.

SHANGHAI, Nov. 10 (SMM) – US dollar index rallied on Wednesday’s night trading, weighing down base metals. LME tin is expected to test the 5-day moving average on Thursday, and if drops below it, the contract will find support at USD 21,000/mt. SHFE 1701 tin dropped from highs on Wednesday’s night trading and will hover between RMB 148,000-152,000/mt on Thursday.

In China’s domestic market, SHFE 1701 tin meet resistance and downstream buyers take a wait-and-see stance, hurting spot tin. Price resistance to move higher on the SHFE tin and downstream wait-and-see stance will weigh down spot tin. Spot tin should trade at RMB 148,500-150,500/mt on Thursday.

SHFE tin
LEM tin
tin prices

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

Related news

SMM Events & Webinars

All
MOST POPULAR
1.China Lithium Market Dynamics and Lithium Procurement Study
2.Battery Recycling Technology Understanding
3.Solid State Battery Market
4. China Scrap Steel Quality Analysis
5.China Scrap Steel Cost Curve
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.