SHANGHAI, Jun. 14 (SMM) –LME tin will rise further to test resistance at USD 19,600/mt. SHFE 1709 tin will move mainly at RMB 143,500-146,000/mt today, testing resistance at RMB 146,000/mt.
In Shanghai spot tin market, spot discounts expanded due to sharply rising SHFE tin. Plentiful supply will leave spot discounts still wide. Mainstream traded prices are expected at RMB 141,000-143,000/mt.