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SHFE Tin to Trade in Wide Range (2016-6-29)
Jun 29, 2016 09:31Source:SMM
SHFE 1609 tin moved down after a high opening overnight, indicating a lack of upward momentum.
SHANGHAI, Jun. 29 (SMM) –SHFE 1609 tin moved down after a high opening overnight, indicating a lack of upward momentum. The contract should move in a wide range at RMB 111,800-113,500/mt.
LME tin will test support at USD 16,500/mt and meet resistance at USD 17,300/mt.
In Shanghai spot tin market, mainstream traded prices are expected at RMB 110,000-112,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-29)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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