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LME Tin to Trade in Tight Range (2016-7-11)
Jul 11, 2016 09:47Source:SMM
Market will eye China Q2 GDP, policy meeting of the BOE and speeches from US Fed officials this week.
SHANGHAI, Jul. 11 (SMM) – Market will eye China Q2 GDP, policy meeting of the BOE and speeches from US Fed officials this week. LME tin should move between USD 17,500-18,200/mt today.
SHFE 1609 tin should move at RMB 115,000-117,000/mt today, with resistance at the 5-day moving average.
In Shanghai spot tin market, mainstream traded prices are expected at RMB 114,000-116,500/mt, with spot prices mainly trading at discounts of RMB 0-1,000/mt over SHFE 1607 tin recently.
Key Macroeconomic Indicators for Base Metal Prices (2016-7-11)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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