SHANGHAI, Jun. 6 (SMM) –LME tin will face downward pressure and test support at USD 20,000/mt today. SHFE 1709 tin rebounded after falling at first during Monday’s night session, but will remain under downward pressure in the short term. The contract should move mainly between RMB 141,000-143,000/mt today.
In Shanghai spot tin market, weak SHFE tin and supply glut will send mainstream traded prices down further to RMB 139,000-141,000/mt.