SHANGHAI, Aug. 2 (SMM) –LME tin will fall further toward USD 20,200/mt if it loses support at USD 20,400/mt. SHFE 1709 tin should move mainly at RMB 145,500-147,500/mt today.
In Shanghai spot tin market, falling LME and SHFE tin sent spot prices down. Spot discounts narrowed further. Discounts of Yunxi brand tin turned into premiums. Tight supply of certain brands will offer some support to spot prices. Mainstream traded prices are expected at RMB 146,000-147,500/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-8-2)
![The most-traded SHFE tin contract opened slightly higher during the night session and fluctuated with a pullback. Trading in the spot market was largely stagnant. [SMM Tin Morning Update]](https://imgqn.smm.cn/usercenter/sRGMJ20251217171752.jpg)
![The most-traded SHFE tin contract continued its fluctuating trend before the holiday, with trading in the spot market sluggish as the holiday approached. [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/LLUUJ20251217171751.jpeg)
