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Home / Metal News / LME Tin to Remain Range-Bound (2016-7-26)

LME Tin to Remain Range-Bound (2016-7-26)

iconJul 26, 2016 09:38
It is expected that the US Fed will make no changes in monetary policy during its July meeting.

SHANGHAI, Jul. 26 (SMM) – It is expected that the US Fed will make no changes in monetary policy during its July meeting. Investors will closely watch the US Fed’s policy statement to seek clues for future policy path. LME tin will move between USD 17,500-18,200/mt.

SHFE 1609 tin should move between RMB 117,000-118,500/mt today.

In Shanghai spot tin market, mainstream traded prices are expected at RMB 117,000-118,000/mt, with buyers buying only as needed.   

Key Macroeconomic Indicators for Base Metal Prices (2016-7-26)



LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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