SHANGHAI, Mar. 11 (SMM) – LME tin overnight started at USD 18,125/mt and then moved between USD 17,780-18,125/mt before ending down USD 325/mt at USD 17,800/mt on Tuesday. Trading volumes for three-month tin on the London Metal Exchange decreased 40 lots to 135 lots, while positions gained 239 to 20,984. LME tin inventories added 65 mt to 10,675 mt.
On Wednesday, LME tin should continue to test support at USD 17,600/mt and hover between USD 17,600-17,970/mt, while spot tin prices in China should hold flat between RMB 122,500-126,500/mt.