SHANGHAI, May 2 (SMM) –SHFE 1709 tin opened at RMB 142,980/mt on Tuesday, jumping to RMB 145,790/mt before quickly falling back to RMB 144,100/mt. Finally, the most active contract ended up RMB 3,070/mt or 2.17% at RMB 144,660/mt. Trading volumes were down 4,138 lots to 10,510 lots, and positions were down 142 to 11,370. Commodity market rose across the board, with base metals up. However, SHFE tin may see its gains unsustainable and will face downward pressure.
![The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/WWXJU20251217171753.jpg)
![The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]](https://imgqn.smm.cn/usercenter/bYFQn20251217171752.jpg)
