SHANGHAI, Aug. 8 (SMM) –On Tuesday, SHFE 1709 tin opened at RMB 148,030/mt. The contract rose to RMB 148,400/mt, but then quickly fell back, down to near RMB 146,700/mt before the noon. In the afternoon, SHFE 1709 tin hit a low of RMB 146,200/mt before ending down RMB 890/mt or 0.6% at RMB 146,860/mt. Trading volumes increased 3,574 lots to 15,868 lots, and positions decreased 30 lots to 20,870 lots. SHFE 1709 tin will test support at RMB 146,000/mt.
![Tightening pressure peaks in stages, the most-traded SHFE tin contract continues to rebound [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/TYKtM20251217171753.jpg)
![The most-traded SHFE tin contract closed overnight at 405,050 yuan, up 1.36%, with the 405,000 yuan/mt level yet to be tested [SMM Tin Morning News]](https://imgqn.smm.cn/usercenter/ASfFn20251217171751.jpg)
![SHFE tin rose 1.61% in the daytime session, returning to 400,000. After the rate hike materialized, it consolidated in the 400,000-405,000 range. [SMM Tin Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/reOma20251217171751.jpg)
