LME and SHFE Tin to Stay Weak (2015-12-10)

Published: Dec 10, 2015 09:48

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Both LME and SHFE tin will be weak on Thursday.

SHANGHAI, Dec. 10 (SMM) – Both LME and SHFE tin will be weak on Thursday.

LME tin is expected at USD 14,400-14,750/mt, with strong resistance at moving averages. SHFE 1601 tin fell back to RMB 84,460/mt overnight, and should fluctuate at lows of RMB 83,500-85,500/mt.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Rise on Positive News, SMM Says

In Shanghai spot market, some cheap goods will flow in. Trading activity is expected to pick up. Mainstream traded prices are expected at RMB 83,000-84,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-10)

LME tin prices SHFE tin prices tin prices Sn price base 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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