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Shanghai Tin Prices to Follow SHFE Tin Down (2015-12-29)
Dec 29, 2015 09:45Source:SMM
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
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
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