SHANGHAI, Jun. 16 (SMM) – SHFE 1507 tin contract prices started at RMB 111,990/mt Tuesday night and touched a low of RMB 111,210/mt after a number of shorts entered the markets. But the prices then regained some losses and end the night session at RMB 111,700/mt, down RMB 290/mt.
The most active SHFE tin contract opened at RMB 111,550/mt early Wednesday and rose to RMB 112,240/mt at one point. The prices then edged lower with investors booking profits and closed at RMB 111,730/mt, down RMB 50/mt. Positions declined to 3574 and trading volumes fell to 1016 lots.