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SHFE Tin Closes Higher (2017-2-21)

iconFeb 21, 2017 17:13
Source:SMM
SHFE 1705 tin opened at RMB 148,810/mt and closed at RMB 149,000/mt, up RMB 1,940/mt or 1.32%.

SHANGHAI, Feb. 21 (SMM) – SHFE 1705 tin advanced slightly on Monday’s night trading but the position didn’t increase and closed at RMB 148,780/mt.

On Tuesday, SHFE 1705 tin opened at RMB 148,810/mt and then approached to RMB 150,000/mt, up to as high as RMB 149,730/mt. The contract later rolled back and closed at RMB 149,000/mt, up RMB 1,940/mt or 1.32%. Trading volumes were down 972 to 15,798 lots and positions were up 226 to 11,932.

SHFE 1705 tin will keep fluctuating at current price for the foreseeable future with resistance at RMB 150,000/mt.

SHFE tin
LEM tin
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