Home / Metal News / SHFE Tin Ends Up RMB 120/mt (Aug. 19, 2015)

SHFE Tin Ends Up RMB 120/mt (Aug. 19, 2015)

iconAug 19, 2015 17:30
SHFE 1509 tin opened at RMB 106,650/mt on Wednesday.

SHANGHAI, Aug. 19 (SMM) –SHFE 1509 tin opened at RMB 106,650/mt on Wednesday. The metal rose to RMB 107,300/mt on exit of shorts, but then fell back to near RMB 106,960/mt. Finally, the contract and ended up RMB 120/mt or 0.11% at RMB 107,280/mt. Trading volumes were up 198 lots to 760 lots, and positions were down 162 lots to 1,364 lots. The price spread between spot and futures prices is too small, offering little room for arbitrage. This dampened trading activity. SHFE 1509 tin should test support at RMB 106,300/mt tonight. 







Sn price
SHFE tin prices
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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news