SHANGHAI, Aug. 9 (SMM) –LME tin will fall to USD 20,000/mt if it loses support at USD 20,200/mt today. SHFE 1709 tin rallied slightly overnight, and should move mainly at RMB 146,000-148,000/mt today.
In Shanghai spot tin market, supply of hedged goods from Yunnan Tin Group rose recently. Weak SHFE tin will keep mainstream traded prices in check at RMB 146,000-147,500/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-8-9)
![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)
