SHANGHAIM, Jul. 12 (SMM) – Weak US dollar index shored up LME tin, and LME tin will stay firm on Wednesday. SHFE 1709 tin will keep hovering at highs with price range at RMB 144,500-146,000/mt.
In China’s domestic market, spot tin should trade at RMB 141,500-143,500/mt on Wednesday.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.
![SHFE tin closed overnight at 424,330, up 1.53%, breaking above 420,000. Before the September 11 CPI release, the 420,000 level awaits confirmation. [SMM Tin Morning Update]](https://imgqn.smm.cn/usercenter/BaCbN20251217171752.jpg)
![Overnight SHFE tin rose 1.53% to close at 424,330, retracing the daytime session decline. LME canceled warrants ratio climbed to a stage high of 28.99%. [SMM Tin Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/QgNfJ20251217171752.jpg)
