LME Tin to Strengthen further (2017-7-28)

Published: Jul 28, 2017 09:45

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LME tin will head toward USD 21,100/mt after breaking through USD 20,600/mt, but may face downward corrections in the short term.

SHANGHAI, Jul. 28 (SMM) –LME tin will head toward USD 21,100/mt after breaking through USD 20,600/mt, but may face downward corrections in the short term. SHFE 1709 tin fell back after hitting RMB 151,500/mt overnight and should move mainly at RMB 149,000-151,000/mt today.

In Shanghai spot tin market, strong SHFE tin and limited supply of certain brands will support mainstream traded prices at RMB 147,000-149,000/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-7-28)

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

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