SHANGHAI, May 14 (SMM) –SHFE 1507 tin contract opened at RMB 120,800/mt on Wednesday. The contract fell back after rising to RMB 121,100/mt, but then rallied to close RMB 730/mt higher at RMB 120,700/mt. Trading volumes totaled 10,418 lots, and positions were down 346 to 7,156.
Tin prices in Shanghai spot market tracked SHFE tin down to RMB 119,000-120,500/mt on Wednesday. Goods from Yunnan Tin Group traded between RMB 120,000-120,500/mt. Downstream buyers showed little interest.