SHANGHAI, Aug. 24 (SMM) –SHFE 1609 tin broke through all moving averages overnight, and should rise further to RMB 122,000-124,000/mt today.
LME tin will test resistance at USD 19,200/mt.
In Shanghai spot tin market, mainstream traded prices will follow SHFE tin up to RMB 123,000-124,500/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-8-24)