Shanghai Spot Tin Prices to Take Hit (2016-4-27)

Published: Apr 27, 2016 09:33

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In Shanghai spot tin market, mainstream traded prices will fall to RMB 110,500-112,000/mt on Wednesday, due to weak SHFE tin, t

SHANGHAI, Apr. 27 (SMM) –In Shanghai spot tin market, mainstream traded prices will fall to RMB 110,500-112,000/mt on Wednesday, due to weak SHFE tin, tight cash at month’s end and possible inflow of hedged goods.

SHFE 1605 tin will consolidate at RMB 107,500-109,500/mt today.

LME tin will test resistance at USD 17,500/mt, and support at USD 17,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-27)

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

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