SHANGHAI, Jul. 21 (SMM) –LME tin will test resistance at USD 20,200/mt and find support at USD 20,000/mt today due to a weaker dollar. SHFE 1709 tin should fall further to RMB 145,000-146,500/mt today.
In Shanghai spot tin market, falling SHFE tin will drag spot prices down, but any decline will be limited due to tight supply of certain brands. Mainstream traded prices are expected at RMB 143,000-146,000/mt today.