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SHFE Tin to Face Downward Pressure (2017-5-4)
May 4,2017 09:50CST
price review forecast
Source:SMM
LME tin will meet resistance at USD 20,000/mt and test support at USD 19,700/mt.

SHANGHAI, May 4 (SMM) –LME tin will meet resistance at USD 20,000/mt and test support at USD 19,700/mt. SHFE 1709 tin went down after a low opening last night, moving mainly between the 10-day and 20-day moving averages. The contract should range RMB 141,000-143,000/mt today, with downward pressure in the short term. 

In Shanghai spot tin market, weak futures prices and demand will push mainstream traded prices down to RMB 140,000-142,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-5-4)

LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast

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