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)
![US August PPI beats expectations, boosting rate hike expectations; the most-traded SHFE tin contract falls below the 410,000 yuan mark [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/gbiCe20251217171750.jpg)
![SHFE tin closed at 414,050 (-2.18%) overnight, with both longs and shorts cautious ahead of the September 11 CPI data release [SMM Tin Morning News]](https://imgqn.smm.cn/usercenter/LLUUJ20251217171751.jpeg)
