SHFE Tin to Consolidate at Highs (2016-6-7)

Published: Jun 7, 2016 09:35

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SHFE 1609 tin failed to break through the 40-day and 60-day moving averages and should consolidate at RMB 108,000-109,500/mt today.

SHANGHAI, Jun. 7 (SMM) –SHFE 1609 tin failed to break through the 40-day and 60-day moving averages and should consolidate at RMB 108,000-109,500/mt today.

LME tin will face corrections if it fails to break through USD 17,000/mt.

In Shanghai spot tin market, mainstream traded prices are expected at RMB 108,500-110,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-7)

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

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