SHANGHAI, Jun. 6 (SMM) – LME tin prices overnight opened at USD 23,200/mt, then leveled out, meeting resistance at moving averages.
European Central Bank announced easy monetary policies as expected, boosting market confidence toward European economy and positively affecting the euro and metals market. China’s government acted to curb excessive lending, weighing on domestic metals market.
LME tin prices are expected to move between USD 23,000-23,500/mt today.