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

Hot Keywords

  • Zinc
  • Market commentary
  • Aluminium
  • Futures movement
  • Inventory data
  • Copper
  • Lead
  • Macroeconomics
  • Evening comments
  • Li-Ion Battery Cathode Material
  • MMi Iron Ore Port Index
  • Morning comments
  • Customs data
  • Silicon
  • scrap copper

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 

Price

more
#1 Tin Ingot
Apr.22
146750.0
0.0
(0.00%)
Tin Concentrate-Yunnan
Apr.22
131500.0
0.0
(0.00%)
Tin Concentrate -Hunan
Apr.22
134750.0
0.0
(0.00%)
Tin Concentrate-Jiangxi
Apr.22
134750.0
0.0
(0.00%)
Tin Concentrate-Guangxi
Apr.22
134750.0
0.0
(0.00%)

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