SHFE Tin to Lack Rising Strength (2016-5-5)

Published: May 5, 2016 09:22

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SHFE 1609 tin will lack upward momentum and move at RMB 111,000-113,000/mt on Thursday.

SHANGHAI, May 5 (SMM) – SHFE 1609 tin will lack upward momentum and move at RMB 111,000-113,000/mt on Thursday.

LME tin will meet resistance at USD 17,500/mt while finding support at USD 17,000/mt.

In Shanghai spot tin market, weak SHFE tin will keep mainstream traded prices in check at RMB 111,500-113,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-5)

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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