LME Tin to Meet Resistance (2016-11-25)

Nov 25, 2016 09:39

LME tin will keep fluctuating in a short term with resistance at USD 21,800/mt and SHFE 1701 tin will range between RMB 146,000-150,000/mt on Friday.

SHANGHAI, Nov. 25 (SMM) – Strong US dollar index weighs down LME tin, and LME tin will keep fluctuating in a short term with resistance at USD 21,800/mt and a support at USD 20,900/mt. SHFE 1701 tin fluctuated with longs taking profits on Thursday and will range between RMB 146,000-150,000/mt on Friday.

In China’s domestic market, spot tin should trade at RMB 147,000-149,500/mt on Friday.

SHFE tin

LEM tin

tin prices

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LME Tin to Meet Resistance (2016-11-25)

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