LME Tin to Meet Pressure (2016-11-28)-Shanghai Metals Market

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LME Tin to Meet Pressure (2016-11-28)

Price Review & Forecast 09:54:04AM Nov 28, 2016 Source:SMM

SHANGHAI, Nov. 28 (SMM) – Attention should be on OPEC meeting this Wednesday, on which members will discuss if oil output cut, proposing on September 27, can be implemented. LME tin will fluctuate at current price with resistance and will test USD 20,900/mt in a short term. SHFE 1701 tin fluctuated last Friday and is expected to move between RMB 145,000-148,000/mt on Monday with support at the 10 and 20-day moving average.

In China’s domestic market, spot tin should trade at RMB 146,000-148,000/mt on Monday.

Key Words:  SHFE tin  LEM tin  tin prices 

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146750.0
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131500.0
-500.0
(-0.38%)
Tin Concentrate -Hunan
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134750.0
-500.0
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134750.0
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(-0.37%)

LME Tin to Meet Pressure (2016-11-28)

Price Review & Forecast 09:54:04AM Nov 28, 2016 Source:SMM

SHANGHAI, Nov. 28 (SMM) – Attention should be on OPEC meeting this Wednesday, on which members will discuss if oil output cut, proposing on September 27, can be implemented. LME tin will fluctuate at current price with resistance and will test USD 20,900/mt in a short term. SHFE 1701 tin fluctuated last Friday and is expected to move between RMB 145,000-148,000/mt on Monday with support at the 10 and 20-day moving average.

In China’s domestic market, spot tin should trade at RMB 146,000-148,000/mt on Monday.

Key Words:  SHFE tin  LEM tin  tin prices