SHANGHAI, Aug. 1 (SMM) – On Tuesday, SHFE 1709 tin tumbled to around RMB 148,300/mt shortly after opening at RMB 149,480/mt. In the afternoon, the contract fell further to RMB 147,210/mt, and finally ended down RMB 2,700/mt or 1.8% at RMB 147,290/mt. Trading volumes decreased 2,968 lots to 17,580 lots, and positions decreased 1,574 lots to 24,076 lots. SHFE 1709 tin will head down further to test support at RMB 146,000/mt.

![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)
