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SHFE Tin to Hold Firm (2017-10-16) 

Published: Oct 16, 2017 09:56
LME tin fell back after hitting highs last Friday, with strong resistance at USD 20,750/mt.

SHANGHAI, Oct. 16 (SMM) –LME tin fell back after hitting highs last Friday, with strong resistance at USD 20,750/mt. LME tin will test support at USD 20,550/mt today and range USD 20,550-20,750/mt. SHFE 1801 tin fell back to RMB 146,500/mt after rising to RMB 147,170/mt during last Friday’s night session. The contract rallied later before ending the night session at RMB 146,920/mt, and should hold firm at RMB 146,000-147,500/mt today.   

In Shanghai spot market, downstream producers will replenish stocks actively. Mainstream traded prices will hold steady at RMB 143,000-145,000/mt today. 

 

LME tin pricesSHFE tin pricestin pricesSn pricebase 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.

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