SHANGHAI, Jun. 24 (SMM) – LME tin opened at USD 22,624/mt on Monday. The metal touched day’s high USD 22,700/mt and day’s low of USD 22,450/mt before closing down USD 100/mt at USD 22,450/mt. Trading volumes contracted 11 lots to 204 lots, with positions off 186 lots to 21,714 lots. Inventories were unchanged at 10,845 mt.
US new home sales in May and the Conference Board’s Consumer Confidence Index for June will be released today. LME tin should continue to hover around USD 22,500/mt on Tuesday. In Shanghai physical tin market, mainstream traded prices are expected between RMB 138,000-140,000/mt.