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SHFE Tin to Face Downward Pressure (2017-9-28)
Sep 28, 2017 09:30Source:SMM
LME tin will find support at USD 20,400/mt and resistance at USD 20,900/mt today.
SHANGHAI, Sept. 28 (SMM) –LME tin will find support at USD 20,400/mt and resistance at USD 20,900/mt today. SHFE 1801 tin fell due to profit-taking by longs during Wednesday’s night session, and should move mainly within RMB 145,400-147,000/mt today.
In Shanghai spot market, weak SHFE tin will keep mainstream traded prices in check at RMB 143,500-145,000/mt.
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