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Home / Metal News / Shanghai Tin Prices to Follow SHFE Tin Down (2015-12-29)

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

iconDec 29, 2015 09:45
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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