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LME Tin to Meet Pressure (2016-11-28)
Nov 28, 2016 09:54Source:SMM
LME tin will test USD 20,900/mt in a short term and SHFE 1701 tin is expected to move between RMB 145,000-148,000/mt on Monday.
SHANGHAI, Nov. 28 (SMM) – Attention should be on OPEC meeting this Wednesday, on which members will discuss if oil output cut, proposing on September 27, can be implemented. LME tin will fluctuate at current price with resistance and will test USD 20,900/mt in a short term. SHFE 1701 tin fluctuated last Friday and is expected to move between RMB 145,000-148,000/mt on Monday with support at the 10 and 20-day moving average.
In China’s domestic market, spot tin should trade at RMB 146,000-148,000/mt on Monday.
SHFE tin
LEM tin
tin prices
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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