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Shanghai Tin Prices to Follow SHFE Tin Down (2016-3-15)

iconMar 15, 2016 09:29
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.

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)





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