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Home / Metal News / SHFE Tin Prices down 2.64% (2017-1-20)

SHFE Tin Prices down 2.64% (2017-1-20)

Jan 20, 2017 20:22

Source:SMM

SHFE 1705 tin opened at RMB 146,220/mt and finally ended at RMB 144,080/mt, down RMB 3,900/mt or 2.64%.

SHANGHAI, Jan. 20 (SMM) – On Thursday’s night trading, SHFE 1705 tin dived at the tail of trading and closed at RMB 146,660/mt.

On Friday, SHFE 1705 tin opened at RMB 146,220/mt and then kept falling to RMB 144,010/mt, the lowest level in latest three weeks. The contract finally ended at RMB 144,080/mt, down RMB 3,900/mt or 2.64%. Trading volumes increased 5,798 to 17,896 and positions rose 7,894 to 13,506.

Most commodities dropped on Friday. China’s GDP was higher than market expectation in Q4 but didn’t make positive effect on prices. Trump will hold inauguration on January 21 and market players keep eyes on US’s economic plan.

SHFE 1705 tin will drop to RMB 141,000/mt in a short term.

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