SHANGHAI, Aug. 16 (SMM) –LME tin sank below all moving averages overnight and should fall further to test support at USD 19,600/mt today. SHFE 1709 tin followed LME tin down overnight, but found support at RMB 143,000/mt, and should move mainly at RMB 143,000-146,000/mt today.  

In Shanghai spot tin market, falling SHFE and LME tin will push mainstream traded prices down to RMB 143,500-145,000/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-8-16)