Weaker Dollar to Support LME Tin (2016-6-2)

Published: Jun 2, 2016 10:16

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LME tin will find relief from a weaker dollar, with support at USD 16,000/mt.

SHANGHAI, Jun. 2 (SMM) – LME tin will find relief from a weaker dollar, with support at USD 16,000/mt.

SHFE 1609 tin clawed back some losses before the close of Wednesday’s night session, and should move at RMB 106,000-108,000/mt today.

In Shanghai spot tin market, rally of SHFE tin will ease declines in spot prices. Mainstream traded prices are expected at RMB 108,000-109,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-2)

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

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