 LME tin opened at USD 22,400/mt on Tuesday. 

SMM Lead Market Daily Review (2014-8-19)

<div>SHANGHAI, Aug. 20 (SMM) &ndash; LME tin opened at USD 22,400/mt on Tuesday. The metal touched day&rsquo;s high of USD 22,450/mt and day&rsquo;s low of USD 22,375/mt before closing up USD 24/mt at USD 22,400/mt. Trading volumes were down 24 lots to 109 lots, with positions also down 598 lots to 22,852 lots. Inventories increased 210 mt to 12,910 mt. &nbsp;</div>
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<div>Caution before the release of the minutes of the US Fed&rsquo;s latest policy meeting and a strong US dollar will pressure LME tin prices, which will test support at USD 22,300/mt on Wednesday. In Shanghai physical tin market, mainstream traded prices are expected to hold stable between RMB 140,500-142,000/mt.&nbsp;</div>
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