SHANGHAI, Aug. 7 (SMM) –LME tin will challenge USD 20,900/mt and test support at USD 20,200/mt today. SHFE 1709 tin closed at below the 5-day moving average during last Friday’s night session, and should move mainly at RMB 146,700-148,000/mt today.
In Shanghai spot tin market, pullback in SHFE tin will drag spot prices down. Supply of small brand goods remains tight. Mainstream traded prices are expected at RMB 146,000-148,000/mt today.