LME Tin to Move Down (2016-5-25)

Published: May 25, 2016 09:20

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LME tin will look for floor at USD 15,500/mt on Wednesday.

SHANGHAI, May 25 (SMM) –LME tin will look for floor at USD 15,500/mt on Wednesday.

SHFE 1609 tin met resistance at the 5-day moving average during Tuesday’s night session, and should range RMB 104,000-106,000/mt today.

In Shanghai spot tin market, mainstream traded prices will stabilize at RMB 106,500-108,500/mt, with buyers sourcing only as needed.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)

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

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