LME Tin to Face Downward Pressure (2017-8-10)

Published: Aug 10, 2017 09:37

Save

LME tin, sliding below the 20-day moving average, will keep falling on Thursday, and will test USD 20,000/mt.

SHANGHAI, Aug. 10 (SMM) – LME tin, sliding below the 20-day moving average, will keep falling on Thursday, and will test USD 20,000/mt.

SHFE 1709 tin rallied to RMB 148,400/mt on Wednesday’s night trading, but then fell back quickly with no rebound strength before finally ending at RMB 146,700/mt. The contract is expected to remain weak, with price expected at RMB 146,000-147,500/mt today.

tin price SHFE tin price base metal price forecast

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

Data: SHFE, DCE market movement (Mar 12)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 Mar , 2026

1 hour ago

5 hours ago

Bullish and Bearish Factors Intertwined, Leaving the Tin Market Stuck in Dilemma [SMM Tin Midday Commentary]

[SMM Tin Midday Commentary: Bullish and Bearish Factors Intertwine, and the Dilemma of Fluctuating Between Gains and Losses in Shanghai Tin Continues]

5 hours ago

7 hours ago

Fotile Unveils World's First Robotic Kitchen with AI System at Eco Conference

On March 11, Fotile officially launched the world’s first robotic kitchen at its Eco Conference. It is equipped with the industry’s first “growth-oriented” embodied AI system for kitchens, consisting of a heterogeneous robot matrix: a high-precision robotic arm handles cup positioning, water dispensing, and even the precise placement of tableware in the dishwasher; a humanoid robot carries out complex cooking operations such as pouring oil, stir-frying, and plating dishes. At this conference, Fotile also released the first Global White Paper on the Innovative Development of Smart Kitchens and established a classification system for smart kitchen capability levels (L1-L5).

7 hours ago