SHANGHAI, Oct. 16 (SMM) –LME tin fell back after hitting highs last Friday, with strong resistance at USD 20,750/mt. LME tin will test support at USD 20,550/mt today and range USD 20,550-20,750/mt. SHFE 1801 tin fell back to RMB 146,500/mt after rising to RMB 147,170/mt during last Friday’s night session. The contract rallied later before ending the night session at RMB 146,920/mt, and should hold firm at RMB 146,000-147,500/mt today.   

In Shanghai spot market, downstream producers will replenish stocks actively. Mainstream traded prices will hold steady at RMB 143,000-145,000/mt today.