SHFE Tin Ends Down RMB 990/mt as Bulls Exit (Apr. 8, 2015)

Published: Apr 8, 2015 15:48

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SHFE 1507 tin opened at RMB 118,710/mt on Wednesday.

SHANGHAI, Apr. 8 (SMM) – SHFE 1507 tin opened at RMB 118,710/mt on Wednesday. The most active contract fell to as low as RMB 117,150/mt in the morning before stabilizing between RMB 117,750-118,300/mt. Finally, the contract ended down RMB 990/mt at RMB 117,870/mt. Positions were down 154 to 750.

Indonesia’s refined tin exports jumped 16% MoM to 6,929.7 mt in March, the highest since December 2014. This weighed on LME tin prices. SHFE 1507 tin contract is expected to stay weak between RMB 117,000-119,000/mt.

SHFE tin prices

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