SHANGHAI, Jul. 26 (SMM) –LME tin may face technical corrections and test resistance at USD 20,600/mt and support at USD 20,000/mt today. SHFE 1709 tin should rise further to RMB 146,500-148,000/mt today.
In Shanghai spot tin market, rising SHFE tin and limited supply of certain brands will push spot prices up further. But, higher prices will dampen buying interest. Mainstream traded prices are expected at RMB 145,000-147,000/mt today.