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SHANGHAI, Mar. 15 (SMM) – SHFE 1605 tin crashed through the 5-day and 10-day moving averages during Monday’s night session, and is expected to hover at lows of RMB 107,500-110,000/mt on Tuesday.
LME tin is expected to test support at USD 16,600/mt and resistance at USD 17,000/mt.
In Shanghai spot tin market, mainstream traded prices will drop to RMB 109,000-112,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-15)
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