SHANGHAI, May 22 (SMM) –LME tin should challenge resistance at USD 20,600/mt today. SHFE 1709 tin broke through previous high on the back of long buying during last Friday’s night session, and should test resistance at RMB 148,000/mt today.
In Shanghai spot tin market, rising LME and SHFE tin will push mainstream traded prices up to RMB 142,000-144,500/mt. But, weak demand will leave spot discounts wide.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-22)

![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)
