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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)

iconJan 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)






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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