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DashboardDatabaseProReportsEventsCar InsightSHANGHAI, Feb. 14 (SMM) – LME tin opened at USD 22,469/mt on Thursday. The metal found day’s high of USD 22,610/mt before closing up USD 101/mt at USD 22,551/mt. Trading volumes added 58 lots to 443 lots, and positions also increased 311 lots to 19,251 lots. Inventories grew 50 mt to 8,840 mt. Positive effect from China’s trade data is fading.
China’s CPI and PPI data for January and the euro zone’s Q4 GDP are eyed today. LME tin should test resistance at USD 22,600/mt on Friday. Falling supply in Shanghai’s physical market should help push spot tin prices up to RMB 139,000-142,000/mt.
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