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Home / Metal News / SHFE Tin to Meet Strong Resistance (2017-8-18) 

SHFE Tin to Meet Strong Resistance (2017-8-18) 

iconAug 18, 2017 09:37
Source:SMM
LME tin should test support at USD 20,000/mt and resistance at USD 20,400/mt today.

SHANGHAI, Aug. 18 (SMM) –LME tin should test support at USD 20,000/mt and resistance at USD 20,400/mt today. SHFE 1709 tin fell after a low opening last night, and should move mainly at RMB 143,000-146,000/mt today, with strong resistance at RMB 146,000/mt.  

In Shanghai spot tin market, spot prices will face pressure from weak SHFE tin. Inflows of hedged goods will send mainstream traded prices down to RMB 144,000-145,500/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-8-18)

 

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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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