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

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