SHANGHAI, May 25 (SMM) –LME tin opened at USD 15,900/mt last Friday. The metal touched day’s high of USD 15,975/mt and day’s low of USD 15,750/mt before closing flat at USD 15,840/mt. Trading volumes were up 60 lots to 165 lots, and positions were up 33 to 18,761. Inventories fell 75 mt to 8,150 mt.
SHFE 1507 tin contract is expected to move between RMB 118,000-120,000/mt on Monday.
In domestic spot market, buyers watched from the sidelines when prices fell last Friday. Demand is expected to pick up on Monday, with ainstream traded prices expected between RMB 117,000-119,500/mt.