SHANGHAI, Aug. 18 (SMM) –LME tin should test support at USD 20,000/mt and resistance at USD 20,400/mt today. SHFE 1709 tin fell after a low opening last night, and should move mainly at RMB 143,000-146,000/mt today, with strong resistance at RMB 146,000/mt.
In Shanghai spot tin market, spot prices will face pressure from weak SHFE tin. Inflows of hedged goods will send mainstream traded prices down to RMB 144,000-145,500/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-8-18)
![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)
