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Home / Metal News / LME Tin Faces Strong Downward Pressure (2016-1-13)

LME Tin Faces Strong Downward Pressure (2016-1-13)

Jan 13, 2016 09:42

Source:SMM

LME tin will look for support at USD 13,000/mt on Wednesday.

SHANGHAI, Jan. 13 (SMM) –LME tin will look for support at USD 13,000/mt on Wednesday.

SHFE 1605 tin fell during Tuesday’s night session and should drop further to RMB 91,000-93,000/mt today.

See forecast for other base metals, please click: Shorts to Predominate Base Metal Market, SMM Says

In Shanghai spot tin market, prices held above RMB 96,000/mt, despite growing supply. Mainstream traded prices are expected between RMB 96,000-97,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-13)

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