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LME Tin to Be Range-Bound (2016-1-20)
Jan 20, 2016 09:32Source:SMM
LME tin will test support at USD 13,000/mt and meet resistance at USD 13,500/mt on Wednesday.
SHANGHAI, Jan. 20 (SMM) –LME tin will test support at USD 13,000/mt and meet resistance at USD 13,500/mt on Wednesday.
In Shanghai spot tin market, possible inflow of deliverable goods and weak SHFE tin prices will keep mainstream traded prices in checkl between RMB 95,500-97,000/mt.
See forecast for other base metals, please click: Shanghai Market to See Diverging Trends, SMM Says
SHFE 1605 tin fell back during Tuesday’s night session and should move at RMB 93,500-94,500/mt, testing support at the 5-day moving average.
Key Macroeconomic Indicators for Base Metal Prices (2016-1-20)
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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