Shanghai Tin Prices to Follow SHFE Tin Down (2015-12-29)

Published: Dec 29, 2015 09:45

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Tin prices in Shanghai are expected to follow SHFE tin down to RMB 93,000-96,000/mt on Tuesday.

SHANGHAI, Dec. 29 (SMM) – Tin prices in Shanghai are expected to follow SHFE tin down to RMB 93,000-96,000/mt on Tuesday.

SHFE 1601 tin crashed through the 60-day moving average to RMB 91,000/mt during Monday’s night session, and should fall further to RMB 90,000/mt on today

See forecast for other base metals, please click: Strong Dollar to Pressure the Light Trading Market, SMM Says

LME tin will test support at USD 14,400/mt and meet resistance at USD 14,800/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-29)

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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