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LME Tin to Finish with Losses (2016-11-30)
Nov 30, 2016 09:38Source:SMM
LME tin is predicted to test support at the 40-day moving average on Wednesday and SHFE 1701 tin will range between RMB 140,000-143,000/mt.
SHANGHAI, Nov. 30 (SMM) – Eyes should be on OPEC output cut meeting on Wednesday. LME tin is predicted to test support at the 40-day moving average on Wednesday. If LME tin drops below the 40-day moving average, it will test USD 20,100/mt. SHFE 1701 tin kept falling on Tuesday’s night trading and will range between RMB 140,000-143,000/mt on Wednesday with support at RMB 138,000/mt.
In China’s domestic market, spot tin should drop with falling SHFE 1701 tin and will trade at RMB 143,000-145,000/mt on Wednesday.
SHFE tin
LEM tin
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