SHANGHAI, Jun. 12 (SMM) – LME tin opened at USD 22,875/mt on Wednesday. The metal touched day’s high USD 22,935/mt and day’s low of USD 22,618/mt, and closed down USD 245/mt at USD 22,755/mt. Trading volumes gained 158 lots to 524 lots, with positions down 109 lots to 22,118 lots. Inventories dropped 65 mt to 10,705 mt.
LME tin should test support at USD 22,700/mt on Thursday. In Shanghai physical tin market, mainstream traded prices are expected between RMB 138,000-140,000/mt.