Softer Dollar to Give Relief to LME Tin (2016-5-26)

Published: May 26, 2016 09:42

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LME tin will find some relief from a weaker US dollar and test support at USD 15,300/mt on Thursday.

SHANGHAI, May 26 (SMM) –LME tin will find some relief from a weaker US dollar and test support at USD 15,300/mt on Thursday.

SHFE 1609 tin hovered at lows during Wednesday’s night session and should range RMB 104,000-106,000/mt today.

In Shanghai spot tin market, weak SHFE tin and ample supply will keep mainstream traded prices in check at RMB 106,000-108,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)

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

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