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SHFE Tin to Outperform LME Tin (2016-1-11)
Jan 11, 2016 09:44Source:SMM
SHFE tin will fare better than LME tin on Monday.
SHANGHAI, Jan. 11 (SMM) – SHFE tin will fare better than LME tin on Monday.
LME tin will look for support at USD 13,500/mt while testing resistance at USD 14,000/mt.
SHFE 1605 tin inched up during last Friday’s night session, and should move between RMB 93,000-94,000/mt today.
See forecast for other base metals, please click: Shanghai Base Metal Prices to Weaken, with Eyes on Chinese Yuan
In Shanghai spot tin market, mainstream traded prices are expected between RMB 94,500-96,500/mt, finding support from SHFE tin.
Key Macroeconomic Indicators for Base Metal Prices (2016-1-11)
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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