SHANGHAI, Feb. 15 (SMM) –SHFE 1605 tin will catch up to gains after the week-long Chinese holiday due to rising LME tin during the holiday, and rise to RMB 99,000-100,500/mt.
LME tin will test support at the 10-day moving average.
In Shanghai spot tin market, trading will not resume to normal immediately after the holiday. Mainstream traded prices are expected at RMB 103,000-105,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-2-15)