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SHFE Tin to Hover at Lows (2016-5-6)
May 6, 2016 09:27Source: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.
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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