SHANGHAI, Jul. 7 (SMM) – LME tin opened at USD 22,950/mt last Friday. The metal touched day’s high USD 22,950/mt and day’s low of USD 22,730/mt before closing down USD 150/mt at USD 22,750/mt. Trading volumes contracted 97 lots to 93 lots, with positions up 173 lots to 22,405 lots. Inventories were unchanged at 11,715 mt.
LME tin should fluctuate between USD 22,500-23,100/mt on Monday. In Shanghai physical tin market, mainstream traded prices are expected between RMB 139,000-140,500/mt.