SHANGHAI, Jun. 19 (SMM) – LME tin prices started at USD 14,750/mt Thursday and closed USD 535/mt higher at USD 15,285/mt. Trading volumes were 334 lots and positions fell to 18,902. LME tin inventories remained unchanged at 6,715 mt.
Upbeat data from China and a fallback in the US dollar index boosted the market, allowing the LME tin to gain 3.63%.
LME tin prices found support from USD 15,000/mt. SHFE tin prices will meet resistance from RMB 115,000/mt on June 19, but with support from RMB 112,500/mt Spot tin prices in China may rise to RMB 113,000-115,000/mt.