SHANGHAI, Jul. 17 (SMM) – LME tin opened at USD 22,139/mt on Wednesday. The metal touched day’s high USD 22,175/mt and day’s low of USD 22,075/mt before closing flat at USD 22,075/mt. Trading volumes contracted 78 lots to 180 lots, with positions down 43 lots to 22,316 lots. Inventories increased 275 mt to 11,810 mt.
US initial jobless claims for last week and the euro zone’s Consumer Price Index for June will be released today. LME tin is expected to fluctuate between USD 21,800-22,500/mt on Thursday. In Shanghai physical tin market, mainstream traded prices are likely to remain little changed between RMB 138,000-140,000/mt.