SHANGHAI, Oct. 14 (SMM) – LME tin opened at USD 20,150/mt on Monday. The metal touched day’s high of USD 20,320/mt and day’s low of USD 20,056/mt before closing down USD 49/mt at USD 20,151/mt. Trading volumes were down 84 lots to 157 lots, with positions down 73 lots to 22,261 lots. Inventories decreased 90 mt to 9,115 mt.
LME tin should move in tight ranges on Tuesday, with support at USD 20,000/mt. In Shanghai spot tin market, stable supply and demand will keep mainstream traded prices steady between RMB 137,000-139,500/mt