SHANGHAI, Jun. 10 (SMM) – LME tin opened at USD 23,090/mt on Monday. Markets continued to digest better-than-expected US non-farm payrolls for May, helping LME tin close USD 20/mt higher at USD 23,170/mt.
China will release CPI and PPI data today. LME tin should be range-bound between USD 23,000-23,500/mt on Tuesday. In Shanghai physical tin market, soft demand will persist, with prices expected between RMB 139,000-140,500/mt.