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LME Tin to Lack Upward Momentum (2017-8-23)
Aug 23, 2017 09:36Source:SMM
LME tin should test resistance at USD 20,900/mt today and support at USD 20,000/mt.
SHANGHAI, Aug. 23 (SMM) –LME tin should test resistance at USD 20,900/mt today and support at USD 20,000/mt. SHFE 1709 tin fell sharply overnight and closed at close to RMB 142,000/mt. The contract will fall further to RMB 137,000/mt today if it loses support at RMB 141,000/mt.
In Shanghai spot tin market, falling SHFE tin will push mainstream traded prices down to RMB 141,500-143,000/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-8-23)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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