SHFE Tin to Stay Weak (2016-7-8)

Published: Jul 8, 2016 09:32

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It is expected that US non-farm payrolls will increase 180,000 in June. LME tin will be range-bound, with support at USD 17,500/mt and resistance at USD 18,200/mt.

SHANGHAI, Jul. 8 (SMM) – It is expected that US non-farm payrolls will increase 180,000 in June. LME tin will be range-bound, with support at USD 17,500/mt and resistance at USD 18,200/mt.

SHFE 1609 tin fell to the 10-day moving average during Thursday’s night session and should move at RMB 116,000-118,500/mt today.

In Shanghai spot tin market, pullback in SHFE tin will send mainstream traded prices down to RMB 115,500-117,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-8)

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

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