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LME Tin to See Range-Bound Trading (2017-3-28)
Mar 28, 2017 09:40Source:SMM
LME tin will fluctuate with support at USD 19,600/mt and resistance at USD 20,100/mt. SHFE 1705 tin will move between RMB 142,500-145,000/mt on Tuesday.
SHANGHAI, Mar. 28 (SMM) – LME tin rallied after diving on Monday’s night trading and opened higher on Tuesday. The contract will fluctuate with support at USD 19,600/mt and resistance at USD 20,100/mt. SHFE 1705 tin rallied from lows on Monday’s night trading but was still below the moving averages. The contract will move between RMB 142,500-145,000/mt on Tuesday.
In China’s domestic market, spot tin should trade at RMB 142,000-144,500/mt on Tuesday.
SHFE tin
LEM tin
tin prices
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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