LME Tin to Meet Resistance (2016-11-25)-Shanghai Metals Market

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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 

Price

more
#1 Tin Ingot
Apr.19
146750.0
-500.0
(-0.34%)
Tin Concentrate-Yunnan
Apr.19
131500.0
-500.0
(-0.38%)
Tin Concentrate -Hunan
Apr.19
134750.0
-500.0
(-0.37%)
Tin Concentrate-Jiangxi
Apr.19
134750.0
-500.0
(-0.37%)
Tin Concentrate-Guangxi
Apr.19
134750.0
-500.0
(-0.37%)

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