SHANGHAI, May 15 (SMM) –On Thursday, SHFE 1507 tin contract fell to RMB 117,800/mt, but then rallied to RMB 119,500/mt as bears exited, and finally ended down RMB 1,200/mt at RMB 119,570/mt. Trading volumes totaled 31,286 lots, and positions were up 66 to 7,222.
Tin prices in Shanghai spot market tracked SHFE tin down on Thursday. Some sold as low as RMB 118,000/mt. Downstream buyers showed little interest out of bearishness.