SHANGHAI, Mar. 29 (SMM) – LME tin met resistance at the 5 and 10-day moving averages after rallying on Tuesday’s night trading and will keep fluctuating on Wednesday and will challenge the resistance. SHFE 1705 tin increased slightly on Tuesday’s night trading but was still below the 5-day moving average and the growth was due largely to positions closing by shorts. The contract will move at RMB 142,000-145,000/mt on Wednesday.
In China’s domestic market, spot tin should trade at RMB 142,000-144,000/mt on Wednesday.