LME Tin to Face Downward Pressure (2017-8-10)

Published: Aug 10, 2017 09:37

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LME tin, sliding below the 20-day moving average, will keep falling on Thursday, and will test USD 20,000/mt.

SHANGHAI, Aug. 10 (SMM) – LME tin, sliding below the 20-day moving average, will keep falling on Thursday, and will test USD 20,000/mt.

SHFE 1709 tin rallied to RMB 148,400/mt on Wednesday’s night trading, but then fell back quickly with no rebound strength before finally ending at RMB 146,700/mt. The contract is expected to remain weak, with price expected at RMB 146,000-147,500/mt today.

tin price SHFE tin price base metal price forecast

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