SHANGHAI, Jun. 1 (SMM) –LME tin will fall to USD 20,000/mt if it fails to hold onto the 5-day and 10-day moving averages. SHFE 1709 tin recovered some losses during Wednesday’s night session, but positions did not increase sharply, indicating limited momentum for further rise. The most active contract should move mainly between RMB 142,500-144,500/mt today.
In Shanghai spot tin market, weak SHFE tin will keep mainstream traded prices in check at RMB 140,000-142,000/mt.
Key Macroeconomic Indicators for Base Metal Prices (2017-6-1)
![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)
