SHANGHAI, Jul. 7 (SMM) –LME tin will test resistance at USD 20,200/mt and support at USD 19,500/mt, funding some support from a weak dollar. SHFE 1709 tin inched up on dip buying overnight and will move mainly at RMB 143,500-145,000/mt today.
In Shanghai spot tin market, many goods from Yunnan have been tied up for hedging, allowing prices of goods from Yunnan to hold firm. Mainstream traded prices are expected at RMB 140,500-143,000/mt today.