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Home / Metal News / LME Tin to Lack Upward Momentum (2017-8-23)

LME Tin to Lack Upward Momentum (2017-8-23)

Aug 23, 2017 09:36

LME tin should test resistance at USD 20,900/mt today and support at USD 20,000/mt.

SHANGHAI, Aug. 23 (SMM) –LME tin should test resistance at USD 20,900/mt today and support at USD 20,000/mt. SHFE 1709 tin fell sharply overnight and closed at close to RMB 142,000/mt. The contract will fall further to RMB 137,000/mt today if it loses support at RMB 141,000/mt.

In Shanghai spot tin market, falling SHFE tin will push mainstream traded prices down to RMB 141,500-143,000/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-23)

LME tin prices

SHFE tin prices

tin prices

Sn 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SHFE 1709 tin was range-bound during Tuesday’s night session, and ended at RMB 141,490/mt.

May 17, 2017 17:06

SMM Comments

SHFE 1709 Tin Ends with Big Gains (2017-5-17)

Shanghai Spot Tin Prices to Drop (2016-8-18)

The US dollar will remain weak as minutes of the US Fed’s latest meeting showed no strong stance of rate hike.

Aug 18, 2016 09:34

SMM Comments

Base Metals Get Support from Falling Dollar, SMM Says

Base metal prices on the SHFE are expected to get a boost from weak dollar on Thursday, Shanghai Metals Market foresees.

Aug 18, 2016 09:23

Industry

SHFE Tin to Hold Firm (2016-8-17)

Market will eye minutes of the US Fed’s latest policy meeting. LME tin will test support at USD 18,000/mt.

Aug 17, 2016 09:17

SMM Comments

SHFE Tin to Remain under Downward Pressure (2016-8-4)

It is widely expected that the BOE will cut interest rate during its August meeting. LME tin will test resistance at USD 18,200/mt.

Aug 4, 2016 09:35

SMM Comments

SHFE Aluminum to Face Short Selling (2016-7-22)

SHFE 1609 aluminum will drop to RMB 12,200-12,370/mt as short momentum is growing.

Jul 22, 2016 09:37

SMM Comments

SHFE Tin to Face Downward Pressure (2016-7-6)

SHFE 1609 tin continued falling during Tuesday’s night session and should move at RMB 115,000-118,000/mt today.

Jul 6, 2016 09:20

SMM Comments

SHFE 1609 Tin Ends with Big Gains (2016-7-4)

On last Friday’s night trading, SHFE 1609 tin jumped to RMB 122,070/mt after opening at RMB 119,000/mt, and ended at RMB 121,100/mt.

Jul 4, 2016 17:35

SMM Comments

Tin Sees Largest Daily Gain on Jul. 4, SMM Reports

Prices of SMM #1 tin are up 8,750 yuan per tonne on Jul. 4, the record-high daily gain, Shanghai Metals Market reports.

Jul 4, 2016 10:54

Industry

SHFE Tin to Face Downward Corrections (2016-7-4)

US market is closed today for the Independence Day.

Jul 4, 2016 09:27

SMM Comments

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LME Tin to Lack Upward Momentum (2017-8-23)

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