SHANGHAI, Jun. 26 (SMM) – LME tin opened at USD 22,537/mt on Wednesday. The metal touched day’s high USD 22,590/mt and day’s low of USD 22,445/mt before closing down USD 107/mt at USD 22,445/mt. Trading volumes gained 18 lots to 249 lots, with positions off 96 lots to 21,377 lots. Inventories grew 255 mt to 11,100 mt.
US initial jobless claims for last week will be in focus today. LME tin should continue to hover around USD 22,500/mt on Thursday. In Shanghai physical tin market, mainstream traded prices are expected to hold stable between RMB 138,000-140,000/mt.