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Nickel and tin prices continue upward trend in LME pre-market

February 08, 2012 - 10:10 GMT Location: London

KEYWORDS: nickel prices , tin prices , copper prices , LME , pre-market

Nickel and tin prices continued to show strength during pre-market trading on the London Metal Exchange on Wednesday February 8.

Tin prices opened at $25,260 per tonne, basis three months, before reaching a high during the session of $25,880, with a low of $25,106. “There’s less tin available, and from a technical point of view, it’s also showing signs of going up,” a category I trader told Metal Bulletin. “We’ve had what we call a flag formation, which indicates it’s going up to about $26,500 per tonne.” Stocks of the soldering metal fell by 35 tonnes overnight, to...

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