SHFE Tin to See Range-Bound Trading (2016-11-29)

Price Review & Forecast 09:45:26AM Nov 29, 2016 Source:SMM

SHANGHAI, Nov. 29 (SMM) – Attention should be on revised reading of US GDP in Q3 on Tuesday. LME tin closed below the 20-day moving average on Monday and will test USD 20,700/mt on Tuesday. SHFE 1701 tin dropped at the tail of Monday’s trading and is expected to move between RMB 145,000-148,000/mt on Tuesday.

In China’s domestic market, market’s purchase interest may reduce with weak LME tin and SHFE 1701 tin. Spot tin should trade at RMB 146,500-148,500/mt on Tuesday.

Key Words:  SHFE tin  LEM tin  tin prices 

SHFE Tin to See Range-Bound Trading (2016-11-29)

Price Review & Forecast 09:45:26AM Nov 29, 2016 Source:SMM

SHANGHAI, Nov. 29 (SMM) – Attention should be on revised reading of US GDP in Q3 on Tuesday. LME tin closed below the 20-day moving average on Monday and will test USD 20,700/mt on Tuesday. SHFE 1701 tin dropped at the tail of Monday’s trading and is expected to move between RMB 145,000-148,000/mt on Tuesday.

In China’s domestic market, market’s purchase interest may reduce with weak LME tin and SHFE 1701 tin. Spot tin should trade at RMB 146,500-148,500/mt on Tuesday.

Key Words:  SHFE tin  LEM tin  tin prices