SHANGHAI, Aug. 17 (SMM) –LME tin recorded small gains yesterday, and should test support at USD 19,600/mt and resistance at USD 20,400/mt today. SHFE 1709 tin followed other base metals up slightly overnight and should move mainly at RMB 143,000-146,000/mt today.
In Shanghai spot tin market, spot prices will rise due to rising SHFE tin, but only slightly due to poor demand. Mainstream traded prices are expected at RMB 144,000-145,500/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-8-17)
![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)
