SHANGHAI, Dec. 18 (SMM) – LME tin opened at USD 22,750/mt on Tuesday. The metal vacillated in a tight range of USD 22,702-22,790/mt as investors are on guard before the Fed announces its policy decision. LME tin ended the day down USD 38/mt at USD 22,760/mt. Trading volumes dropped 88 lots to 109 lots, and positions also decreased 638 lots to 20,449 lots. LME tin inventories were unchanged from the previous day at 10,315 mt.
LME tin will be range-bound on Wednesday, while spot tin prices in China are expected between RMB 139,500-142,000/mt.