LME Tin to See Range-Bound Trading (2016-11-22)-Shanghai Metals Market

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LME Tin to See Range-Bound Trading (2016-11-22)

Price Review & Forecast 09:46:11AM Nov 22, 2016 Source:SMM

SHANGHAI, Nov. 22 (SMM) – LME tin surged USD 600/mt to USD 20,800/mt on Monday and met resistance at the 10 and 20-day moving averages. The contract is predicted to move between USD 20,350-20,850/mt on Tuesday with support at the 40-day moving average. SHFE 1701 tin dropped quickly to RMB 143,180/mt from RMB 145,780/mt on Monday’s night trading and rallied to RMB 146,200/mt at the tail of trading. SHFE 1701 tin is expected to move at RMB 144,000-147,500/mt on Tuesday.

In China’s domestic market, trading is predicted to be brisk on Tuesday. Spot tin will follow SHFE 1701 tin up and should trade at RMB 145,000-147,000/mt on Tuesday.

Key Words:  SHFE tin  LEM tin  tin prices 

Price

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#1 Tin Ingot
Apr.22
146750.0
0.0
(0.00%)
Tin Concentrate-Yunnan
Apr.22
131500.0
0.0
(0.00%)
Tin Concentrate -Hunan
Apr.22
134750.0
0.0
(0.00%)
Tin Concentrate-Jiangxi
Apr.22
134750.0
0.0
(0.00%)
Tin Concentrate-Guangxi
Apr.22
134750.0
0.0
(0.00%)

LME Tin to See Range-Bound Trading (2016-11-22)

Price Review & Forecast 09:46:11AM Nov 22, 2016 Source:SMM

SHANGHAI, Nov. 22 (SMM) – LME tin surged USD 600/mt to USD 20,800/mt on Monday and met resistance at the 10 and 20-day moving averages. The contract is predicted to move between USD 20,350-20,850/mt on Tuesday with support at the 40-day moving average. SHFE 1701 tin dropped quickly to RMB 143,180/mt from RMB 145,780/mt on Monday’s night trading and rallied to RMB 146,200/mt at the tail of trading. SHFE 1701 tin is expected to move at RMB 144,000-147,500/mt on Tuesday.

In China’s domestic market, trading is predicted to be brisk on Tuesday. Spot tin will follow SHFE 1701 tin up and should trade at RMB 145,000-147,000/mt on Tuesday.

Key Words:  SHFE tin  LEM tin  tin prices