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Shanghai Tin Prices to Find Support from Tight Supply (2016-1-5)
Jan 5, 2016 09:50Source:SMM
In Shanghai spot tin market, supply of goods from Yunnan is tight.
SHANGHAI, Jan. 5 (SMM) –In Shanghai spot tin market, supply of goods from Yunnan is tight. This will support mainstream traded prices between RMB 93,000-95,500/mt on Tuesday.
LME tin will test support at USD 14,400/mt and look for support at USD 14,000/mt should it fails to hold onto USD 14,400/mt.
See forecast for other base metals, please click: Shanghai Base Metals to Eye on Stock Market after Circuit-Breaker, SMM Says
SHFE 1605 tin will remain low between RMB 91,000-93,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-1-5)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
For queries, please contact William Gu at williamgu@smm.cn
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