SHFE 1507 tin contract rose to RMB 117,100/mt after opening at RMB 116,010/mt on Wednesday evening, but then fell back slightly.
SHANGHAI, May 28 (SMM) –SHFE 1507 tin contract rose to RMB 117,100/mt after opening at RMB 116,010/mt on Wednesday evening, but then fell back slightly. On Thursday, the contract rose to RMB 117,510/mt early in the day, but then dropped to RMB 116,250/mt. July tin on the SHFE rose again in the afternoon before closing the day up RMB 400/mt or 0.34% at RMB 116,960/mt. Trading volumes were down 2,622 lots to 15,242 lots, and positions were down 446 to 6,654. SHFE 1507 tin contract is expected to move between RMB 115,000-121,000/mt during today’s night session.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.