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Home / Metal News / SHFE Tin to Face Downward Corrections (2016-7-4)

SHFE Tin to Face Downward Corrections (2016-7-4)

iconJul 4, 2016 09:27
Source:SMM
US market is closed today for the Independence Day.

SHANGHAI, Jul. 4 (SMM) – US market is closed today for the Independence Day. LME tin will meet resistance at USD 17,500/mt and find support at USD 17,100/mt. 

SHFE 1609 tin hit daily upside limit again during last Friday’s night session, but may face downward corrections today and move at RMB 117,000-120,000/mt. 

In Shanghai spot tin market, big price gains will drive downstream buyers to the sidelines. Mainstream traded prices are expected at RMB 117,000-120,000/mt, with discounts over SHFE 1607 tin to expand.  

Key Macroeconomic Indicators for Base Metal Prices (2016-7-4)








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SHFE tin prices
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