LME Tin to Move Lower (2017-2-7)

Feb 7, 2017 10:02

Source:SMM

SHFE 1705 tin will move at RMB 143,500-146,500/mt on Tuesday.

SHANGHAI, Feb. 7 (SMM) – LME tin dropped hurt by longs taking profits on Monday’s night trading and found support at USD 19,000/mt. There is a possibility for LME tin to keep falling in a short term. SHFE 1705 tin opened lower and climbed on Monday’s night trading and will move at RMB 143,500-146,500/mt on Tuesday.

In China’s domestic market, many smelters held online during 2017 Chinese New Year holiday. Moreover, goods delivery before the holiday increased spot supply. So, spot supply is ample in China. But downstream buyers showed low purchase interest. Spot tin should trade at RMB 146,000-148,000/mt on Tuesday.

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

LME Tin to Move Lower (2017-2-7)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025