LME Tin to Set with Losses (2017-2-6)

Published: Feb 6, 2017 09:54

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LME tin will fluctuate at around USD 19,600/mt on Monday and SHFE 1705 tin is expected to move at RMB 144,500-147,000/mt.

SHANGHAI, Feb. 6 (SMM) – LME tin dropped below all the moving averages and will fluctuate at around USD 19,600/mt on Monday. If LME tin cannot find support, it will decline to USD 19,400/mt. SHFE 1705 tin dropped on last Friday’s night trading with weak LME tin. People’s Bank of China tends to tighten liquidity, raising market negative sentiment. SHFE 1705 tin is expected to move at RMB 144,500-147,000/mt on Monday.

In China’s domestic market, with the end of 2017 Chinese New Year holiday, trading will pick up. Spot tin should trade at RMB 147,000-148,500/mt on Monday.

SHFE tin LEM tin tin prices

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