SHANGHAI, May 18 (SMM) –LME tin should meet resistance at USD 20,600/mt today. SHFE 1709 tin rose slightly during Thursday’s night session, but failed to break through the 60-day moving average. The contract should range RMB 142,500-144,500/mt today, testing resistance at the 60-day moving average.
In Shanghai spot tin market, spot discounts will remain high due to soft demand. Mainstream traded prices are expected at RMB 139,500-142,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-19)
![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)
