Home / Metal News / LME Tin to Remain Range-Bound Trading (2017-1-16)

LME Tin to Remain Range-Bound Trading (2017-1-16)

iconJan 16, 2017 09:59
LME tin is expected to remain range-bound trading on Monday and SHFE 1705 tin will move at RMB 148,500-151,500/mt .

SHANGHAI, Jan. 16 (SMM) – Eyes should be on effect from US dollar index on base metals on Monday. LME tin is expected to remain range-bound trading on Monday. SHFE 1705 tin increased last Friday with positions closing by shorts and was weighed by the 5 and 10-day moving averages. The contract will move at RMB 148,500-151,500/mt on Monday.

In China’s domestic market, most downstream buyers buy goods at low prices. Trading will be quieter this week with nearing of 2017 Chinese New Year. Spot tin should trade at RMB 150,500-153,000/mt on Monday.

SHFE tin
LEM tin
tin prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All