LME Tin to See Range-Bound Trading (2016-12-13)

SHANGHAI, Dec. 13 (SMM) – Eyes should be on China’s added value of China’s above scale industrials in November on Tuesday. Market players will keep attention on US’s interest rate hike in December’s meeting this week. LME tin will fluctuate at around USD 21,000/mt on Tuesday. SHFE 1701 tin moved weakly on Monday’s night trading and will move at RMB 142,000-144,500/mt on Tuesday.

In China’s domestic market, spot tin should trade at RMB 144,500-146,500/mt on Tuesday with support from tight supply in Shanghai’s market.