LME Tin to Hover at Highs (2017-10-10)

Published: Oct 10, 2017 09:20
LME tin will still hover at highs on Tuesday, with resistance at USD 21,200/mt. On Monday’s night trading, profit-taking by some longs curbed its price gains on the SHFE tin.

SHANGHAI, Oct. 10 (SMM) – LME tin will still hover at highs on Tuesday, with resistance at USD 21,200/mt. On Monday’s night trading, profit-taking by some longs curbed its price gains on the SHFE tin, and on Tuesday, SHFE tin is estimated to fluctuate between RMB 147,000-148,500/mt.

In China’s domestic spot market, price will get support from strong movements on the SHFE tin market, with spot price estimated between RMB 143,500-146,500/mt.

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
LME Tin to Hover at Highs (2017-10-10) - Shanghai Metals Market (SMM)