SHANGHAI, Sept. 22 (SMM) –LME tin opened at USD 15,395/mt on Monday. The metal touched day’s high of USD 15,400/mt and day’s low of USD 14,950/mt before closing down USD 220/mt at USD 14,950/mt. Trading volumes were down 260 lots to 68 lots, and positions were up 21 to 20,145. Inventories fell 35 mt to 5,105 mt. The US dollar index climbed to near 95, and this might cap LME tin below USD 15,000/mt on Tuesday.
SHFE 1601 tin should move around RMB 100,000/mt. In Shanghai spot market, pre-holiday stocking could support mainstream traded prices at RMB 99,500-101,000/mt.