LME Tin to Gather Strength on Falling Stocks (2016-3-2)

Published: Mar 2, 2016 09:26

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LME tin stocks kept falling.

SHANGHAI, Mar. 2 (SMM) –LME tin stocks kept falling. This will offer LME tin momentum to challenge resistance at USD 16,200/mt on Wednesday.

SHFE 1605 tin went down after a high opening during Tuesday’s night session, and is expected to move at lows of RMB 103,400-104,400/mt today.

In Shanghai spot tin market, weak SHFE tin will keep mainstream traded prices in check between RMB 104,000-107,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-2)

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

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