SHANGHAI, Sept. 28 (SMM) –SHFE 1601 tin hit an intraday low of RMB 97,220/mt on Monday. Finally, the most active contract ended down RMB 1,580/mt at RMB 97,400/mt. Trading volumes were up 112 lots to 466 lots, and positions were up 112 lots to 876. The contract lost support at the 5-day moving averages, and should test support at RMB 97,000/mt.
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

