SHANGHAI, Jul. 27 (SMM) –SHFE 1509 tin contract opened at RMB 108,950/mt July 24. The contract fell to RMB 108,120/mt due to exit of longs, but then rallied to RMB 108,560/mt before ending at RMB 108,210/mt, down RMB 730/mt or 0.67%. Trading volumes were down 88 lots to 1,462 lots, and positions were down 52 to 2,078.
In Shanghai spot tin market, supply was ample, and downstream producers bought only as needed. Mainstream traded prices fell to RMB 110,000-111,000/mt July 24. Goods from Yunnan Tin Group traded at RMB 110,500-111,000/mt.