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Spot Tin Prices in Shanghai to Extend Gains on Tight Supply (2015-12-18)
Dec 18,2015 09:37CST
SMM Comments
Source:SMM
Strong SHFE tin and tight supply will allow tin prices in Shanghai spot market to extend gains on Friday.

SHANGHAI, Dec. 18 (SMM) – Strong SHFE tin and tight supply will allow tin prices in Shanghai spot market to extend gains on Friday. Mainstream traded prices are expected at RMB 91,000-93,000/mt. 

A stronger US dollar after the US Fed’s rate hike will cap LME tin below USD 14,800/mt, testing support at USD 14,400/mt. 

See forecast for other base metals, please click: Base Metal Prices to Weaken, with Eyes on China, SMM Says

SHFE 1601 tin continued rising during Thursday’s night session, and should rise further to RMB 91,000-93,000/mt.  

Key Macroeconomic Indicators for Base Metal Prices (2015-12-18)           





LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast

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