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Home / Metal News / SHFE Tin to Hover at Highs (2017-8-4)

SHFE Tin to Hover at Highs (2017-8-4)

iconAug 4, 2017 09:30
LME tin will challenge USD 20,800/mt today due to a weak dollar.

SHANGHAI, Aug. 4 (SMM) –LME tin will challenge USD 20,800/mt today due to a weak dollar. SHFE 1709 tin rose overnight due to short covering and will rise further if it breaks through resistance at moving averages. The contract should move mainly at RMB 147,000-148,500/mt today.    

In Shanghai spot tin market, strong SHFE tin will support mainstream traded prices at RMB 146,500-148,500/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-4)

 

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