SHFE Tin Ends Down RMB 390/mt (May 25, 2015)

Published: May 25, 2015 18:32

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The entry of bulls pushed SHFE 1507 tin contract up to RMB 119,800/mt during last Friday’s night session.

SHANGHAI, May 25 (SMM) – The entry of bulls pushed SHFE 1507 tin contract up to RMB 119,800/mt during last Friday’s night session. However, the contract took a freefall to RMB 117,290/mt on Monday as bulls exited. Finally, the contract closed down RMB 390/mt or 0.33% at RMB 117,590/mt. Trading volumes were up 1,758 lots to 25,734 lots, and positions were up 212 to 6,844. SHFE 1507 tin contract is expected to test resistance at RMB 121,000/mt and find support at RMB 115,000/mt during today’s night session.

SHFE tin prices

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