SHFE Tin to Hover at Lows (2016-5-6)

Published: May 6, 2016 09:27

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SHFE 1609 tin fell overnight due to profit-taking by longs, and should hover at lows of RMB 110,000-112,000/mt on Friday.

SHANGHAI, May 6 (SMM) – SHFE 1609 tin fell overnight due to profit-taking by longs, and should hover at lows of RMB 110,000-112,000/mt on Friday.

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

In Shanghai spot tin market, mainstream traded prices will fall to RMB 111,500-113,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-6)

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

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