SHFE 1709 Tin Ends with Big Gains (2017-4-28)

SHANGHAI, Apr. 28 (SMM) – On Thursday’s night trading, SHFE 1709 tin rose after a low opening, and closed at RMB 141,470/mt. 

On Friday, SHFE 1709 tin opened at RMB 141,790/mt and hit a high of RMB 142,500/mt. Finally, the contract ended up RMB 1,570/mt or 1.11% at RMB 142,420/mt. Trading volumes were up 2,094 lots to 14,618 lots, and positions were down 168 to 11,512. SHFE 1709 tin will challenge RMB 143,000/mt, but may fall back after reaching this mark.