Tin Prices Remain under Downward Pressure (2016-3-9)

Published: Mar 9, 2016 09:38

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LME tin followed other base metals down sharply yesterday, and is expected to look for support at USD 16,000/mt on Wednesday.

SHANGHAI, Mar. 9 (SMM) – LME tin followed other base metals down sharply yesterday, and is expected to look for support at USD 16,000/mt on Wednesday.

SHFE 1605 tin hit its daily downside limit during Tuesday’s night session, and may fall further to RMB 108,000-111,500/mt today.

In Shanghai spot tin market, mainstream traded prices will track SHFE tin down to RMB 110,000-113,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-9)

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

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