Shanghai Tin Prices to Face Pressure (2017-9-25)

SHANGHAI, Sept. 25 (SMM) –LME tin will find support at USD 20,400/mt and resistance at USD 20,900/mt today. Market will digest the US Fed’s plan to cut balance sheet and growing intentions between the US and North Korea. SHFE 1801 tin fell after a high opening during last Friday’s night session, and should move mainly within RMB 143,500-145,500/mt today.  
 
In Shanghai spot market, spot prices will face pressure from weak SHFE tin. Pre-holiday stocking is expected. Mainstream traded prices will be RMB 142,000-143,500/mt.