LME Tin to See Range-Bound Trading (2017-2-22)

Published: Feb 22, 2017 09:40

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LME tin will fluctuate on Wednesday and SHFE 1705 tin will trade at RMB 147,000-150,000/mt.

SHANGHAI, Feb. 22 (SMM) – Eyes should be on US Federal Reserve’s meeting minutes in January on Wednesday. LME tin will fluctuate on Wednesday, waiting for guide from market. SHFE 1705 tin dropped on Tuesday’s night trading with exit of longs and will trade at RMB 147,000-150,000/mt on Wednesday.

In China’s domestic market, spot tin should trade at RMB 147,000-149,000/mt with limited demand from downstream producers.

SHFE tin LEM tin tin prices

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