LME Tin to Stay High (2017-3-16)

Published: Mar 16, 2017 09:48

Save

LME tin will hover at highs on Thursday with resistance at USD 20,000/mt and SHFE 1705 tin will move between RMB 145,000-147,200/mt.

SHANGHAI, Mar. 16 (SMM) – Eyes should be on US’s economic data on Thursday, including new housing starts and initial jobless claim from the week ending March 10. LME tin will hover at highs on Thursday with resistance at USD 20,000/mt. SHFE 1705 tin fluctuated at around the 40-day moving average and met resistance at the 60-day moving average. The contract will move between RMB 145,000-147,200/mt on Thursday.

In China’s domestic market, spot tin should trade at RMB 145,000-147,000/mt on Thursday.

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

1 hour ago

[The most-traded SHFE tin contract pulled back significantly in the night session, and spot market transactions are expected to recover. SMM Tin Morning Brief]

[SMM Tin Morning Brief: SHFE Tin Most-Traded Contract Pulled Back Sharply, Spot Market Transactions Expected to Recover]

1 hour ago

16 hours ago

[SMMS Tin Express: Lu Weibing: Xiaomi is Expected to Release a Brand New Robot Product This Year]

On March 2, Lu Weibing stated that two Xiaomi humanoid robots worked continuously for three hours on the car production line, achieving a 90% work accuracy rate. Lu Weibing revealed that Xiaomi is expected to release a new robot product this year, bringing together self-developed chips, a self-developed OS, and a self-developed AI large model. According to his judgment, within the next five years, humanoid robots will enter Xiaomi's production lines on a large scale.

16 hours ago

18 hours ago

Data: SHFE, DCE market movement (Mar 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Mar , 2026

18 hours ago