SHFE Tin to Face Downward Pressure (2016-7-6)

Published: Jul 6, 2016 09:20

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SHFE 1609 tin continued falling during Tuesday’s night session and should move at RMB 115,000-118,000/mt today.

SHANGHAI, Jul. 6 (SMM) –SHFE 1609 tin continued falling during Tuesday’s night session and should move at RMB 115,000-118,000/mt today.

LME tin will remain under downward pressure and test support at USD 17,300/mt.

In Shanghai spot tin market, buyers will source only as needed, and mainstream traded prices will drop to RMB 115,500-117,500/mt.

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

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

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