SHANGHAI, Jun. 25 (SMM) – LME tin opened at USD 22,450/mt on Tuesday. The metal touched day’s high USD 22,588/mt and day’s low of USD 22,452/mt before closing up USD 102/mt at USD 22,552/mt. Trading volumes gained 27 lots to 231 lots, with positions off 241 lots to 21,473 lots. Inventories were unchanged at 10,845 mt.
US durable goods orders for May and final reading of US annualized GDP for Q1 are scheduled for release today. LME tin should continue to hover around USD 22,500/mt on Wednesday. In Shanghai physical tin market, mainstream traded prices are expected to hold stable between RMB 138,000-140,000/mt.