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SHFE Tin Sets for Gains (2016-11-7)

iconNov 7, 2016 09:50
Source:SMM
LEM tin will hover between USD 20,950-21,300 on Monday and SHFE 1701 tin will range at RMB 142,500-145,000/mt.

SHANGHAI, Nov. 7 (SMM) – Market caution will dominate before US presidential election. LEM tin dropped from highs last Friday with resistance and will hover between USD 20,950-21,300 on Monday. SHFE 1701 tin kept rising momentum last Friday, up to as high as RMB 145,240/mt, and the contract will range at RMB 142,500-145,000/mt on Monday.

In China’s domestic market, spot tin should rise to RMB 142,000-143,500/mt on Monday with increasing SHFE 1701 tin.

SHFE tin
LEM tin
tin prices

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