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Home / Metal News / Shanghai Spot Tin Prices to Face Downward Pressure (2017-8-11) 

Shanghai Spot Tin Prices to Face Downward Pressure (2017-8-11) 

iconAug 11, 2017 09:45
LME tin will test support at USD 20,200/mt and resistance at USD 20,500/mt today.

SHANGHAI, Aug. 11 (SMM) –LME tin will test support at USD 20,200/mt and resistance at USD 20,500/mt today. SHFE 1709 tin should move mainly at RMB 146,000-147,600/mt today, with resistance at moving averages.    

In Shanghai spot tin market, inflows of hedged goods will put pressure on spot prices. Mainstream traded prices are expected at RMB 146,000-148,000/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-8-11)

 

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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