SHANGHAI, Sept. 15 (SMM) - Positive impact remains from Indonesia’s suspension of tin exports. However, PT Refined Bangka Tin is beginning to resume tin ingot exports as the country loosens restrictions on exports of the meal is being removed gradually. Chinese stock market fell on negative industrial value-added and investment data, dampening market sentiment. Indonesia’s relaxation of tin export policy will weaken support for LME tin. LME tin should test resistance at USD 16,000/mt on Tuesday.
SHFE 1601 tin should range RMB 102,000-103,000/mt. In Shanghai spot market, ample supply will keep mainstream traded prices in check at RMB 99,500-102,000/mt.