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

Price Review & Forecast 09:39:56AM Nov 25, 2016 Source:SMM

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.

Key Words:  SHFE tin  LEM tin  tin prices 

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

Price Review & Forecast 09:39:56AM Nov 25, 2016 Source:SMM

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.

Key Words:  SHFE tin  LEM tin  tin prices