SHANGHAI, Aug. 28 (SMM) –SHFE 1709 tin fell to a low of RMB 142,240/mt last Friday’s night session, due mainly to exit of longs. Some shorts have rolled positions from SHFE 1709 tin to 1801 contract. SHFE 1709 tin should move mainly within RMB 142,000-144,500/mt.
In Shanghai spot tin market, chances are small for spot prices to fall sharply, due to nearing delivery of SHFE 1709 tin. Mainstream traded prices are expected at RMB 143,000-144,500/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2017-8-28)
![US August PPI beats expectations, boosting rate hike expectations; the most-traded SHFE tin contract falls below the 410,000 yuan mark [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/gbiCe20251217171750.jpg)
![SHFE tin closed at 414,050 (-2.18%) overnight, with both longs and shorts cautious ahead of the September 11 CPI data release [SMM Tin Morning News]](https://imgqn.smm.cn/usercenter/LLUUJ20251217171751.jpeg)
