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LME Tin to Strengthen further (2017-7-28)
Jul 28, 2017 09:45Source: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.
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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