SHANGHAI, Jun. 17 (SMM) – LME tin opened at USD 22,580/mt on Monday. The metal touched day’s high USD 22,650/mt and day’s low of USD 22,460/mt before closing at USD 22,519/mt, down USD 61/mt. Trading volumes contracted 150 lots to 183 lots, with positions up 53 lots to 22,389 lots. Inventories were unchanged at 10,900 mt.
LME tin should test support at USD 22,500/mt on Tuesday. In Shanghai physical tin market, mainstream traded prices are expected between RMB 138,000-140,000/mt.