SHANGHAI, May 5 (SMM) – On Monday evening, SHFE 1507 tin contract crawled up to RMB 119,780/mt, but the fell back to RMB 118,640/mt. On Tuesday, prices dived to RMB 118,000/mt in the morning as bulls exited, but rallied later to RMB 118,640/mt due to withdrawal of bears. Finally, the contract closed down RMB 120/mt at RMB 118,680/mt. Trading volumes were up 4,166 lots to 12,990 lots, and positions were up 320 to 6,392. Prices are expected to range RMB 117,500-120,000/mt during today’s night session.
SHFE Tin Close Down RMB 120/mt (May 5, 2015)
On Monday evening, SHFE 1507 tin contract crawled up to RMB 119,780/mt, but the fell back to RMB 118,640/mt.
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