SHFE Tin to Catch Up to Gains After Holiday (2016-2-15)

Published: Feb 15, 2016 10:23

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SHFE 1605 tin will catch up to gains after the week-long Chinese holiday due to rising LME tin during the holiday, and rise to RMB 99,000-100,500/mt.

SHANGHAI, Feb. 15 (SMM) –SHFE 1605 tin will catch up to gains after the week-long Chinese holiday due to rising LME tin during the holiday, and rise to RMB 99,000-100,500/mt.

LME tin will test support at the 10-day moving average.

In Shanghai spot tin market, trading will not resume to normal immediately after the holiday. Mainstream traded prices are expected at RMB 103,000-105,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-15)

LME tin prices SHFE tin prices tin prices Sn price base metal price forecast

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