SHANGHAI, May 4 (SMM) –LME tin will meet resistance at USD 20,000/mt and test support at USD 19,700/mt. SHFE 1709 tin went down after a low opening last night, moving mainly between the 10-day and 20-day moving averages. The contract should range RMB 141,000-143,000/mt today, with downward pressure in the short term.
In Shanghai spot tin market, weak futures prices and demand will push mainstream traded prices down to RMB 140,000-142,500/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-4)
![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)
