LME Tin Sets for Gains (2016-11-24)

Nov 24, 2016 09:56

Source:SMM

LME tin will remain rising momentum on Thursday and SHFE 1701 tin will move between RMB 147,500-150,500/mt.

SHANGAHI, Nov. 24 (SMM) – US’s futures markets closed on Thursday for Thanks Giving Day but market players in other global markets will be wary. LME tin will remain rising momentum on Thursday, supported by positive fundamentals and falling Chinese yuan, despite resistance at USD 22,000/mt. But, the growth will be limited by strong US dollar index. SHFE 1701 tin increased with rising positions on Wednesday’s night trading, up to as high as RMB 150,000/mt. The contract is expected to keep robust in a short term and will move between RMB 147,500-150,500/mt on Thursday.

In China’s domestic market, spot tin should trade at RMB 148,000-150,000/mt on Thursday.

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday 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.

LME Tin Sets for Gains (2016-11-24)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025