SHANGHAI, Jul. 5 (SMM) –On Wednesday, SHFE 1709 tin hit a low of RMB 144,510/mt, but then rebounded. The most active contract finally ended up RMB 60/mt or 0.04% at RMB 145,530/mt. Trading volumes decreased 4,900 lots to 11,706 lots, and positions increased 546 lots to 22,184 lots. SHFE 1709 tin will look for direction and test resistance at RMB 146,000/mt during today’s night session.

![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)
