LME Tin to Remain Downward Momentum (2016-11-15)

Published: Nov 15, 2016 09:57

Save

LME tin will test support at USD 20,700/mt on Tuesday and SHFE 1701 tin will move between RMB 144,000-147,000/mt.

SHANGHAI, Nov. 15 (SMM) – Eyes should be on Europe and US economic figures on Tuesday. LME tin will test support at USD 20,700/mt on Tuesday. If LME tin falls below USD 20,700/mt, it will test support at USD 20,200/mt after overbuying previously. The contract is expected to fluctuate for the short term, weighed by firm US dollar index. SHFE 1701 tin ranged at around the 10-day moving average on Monday’s night trading, hurt by diving LME tin, and will move between RMB 144,000-147,000/mt on Tuesday.

In China’s domestic market, buyers purchased at low prices. Spot tin should trade at RMB 145,500-147,500/mt on Tuesday with falling SHFE 1701 tin.

SHFE tin LEM tin tin prices

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