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SHFE Tin to Hover at Highs (2017-8-4)
Aug 4,2017 09:30CST
price review forecast
Source:SMM
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

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