SHANGHAI, Mar. 27 (SMM) – LME tin advanced to USD 23,230/mt after opening at USD 23,195/mt on Wednesday. The metal, however, retreated to USD 22,810/mt later in the day before ending down USD 122/mt at USD 22,850/mt. Trading volumes fell 115 lots from a day earlier to 218 lots, while positions gained 97 lots to 22,114 lots. Inventories dropped 35 mt to 9,360 mt.
Investors will stay guarded ahead of the release of US Q4 GDP. LME tin should hover around USD 23,000/mt on Thursday. In Shanghai physical tin market, demand will remain tepid, with prices are expected between RMB 139,000-141,000/mt.