Home / Metal News / Aluminium / SHFE Tin Ends Up as Bears Exit (Apr. 15, 2015)
SHFE Tin Ends Up as Bears Exit (Apr. 15, 2015)
Apr 15,2015 21:07CST
price review forecast
Source:SMM
SHFE 1507 tin contract hovered around RMB 113,680/mt on Wednesday.

          

SHANGHAI, Apr. 15 (SMM) – SHFE 1507 tin contract hovered around RMB 113,680/mt on Wednesday. The most active contract ended the day up RMB 1,550/mt at RMB 113,850/mt, due to exit of bears. Trading volumes decreased by 1,456 lots to 4,132 lots, while positions also decreased by 202 to 1,692. SHFE 1507 tin contract is expected to test support at RMB 112,000/mt during today’s night session. 
 
China’s Q1 GDP growth slowed to 6-year low of 7% in Q1, igniting hopes for more stimulus from the central government. LME tin is skewing towards USD 16,000/mt mark, pressuring SHFE tin. 
 
 
 
SHFE tin prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news