SHFE Tin Ends Up RMB 890/mt (Aug. 28, 2015)

Published: Aug 28, 2015 17:22

Save

SHFE 1509 tin rose slightly after opening at RMB 101,270/mt on Friday.

SHANGHAI, Aug. 28 (SMM) – SHFE 1509 tin rose slightly after opening at RMB 101,270/mt on Friday. The contract fell back to RMB 100,800/mt afterwards, and finally ended up RMB 890/mt or 0.89% at RMB 101,000/mt. Trading volumes were up 712 lots to 1,190 lots, and positions were down 32 lots to 1,028 lots. Investors will eye China’s official manufacturing PMI for August, ECB’s policy meeting and US non-farm employment report this coming week. SHFE tin will seek guidance from these macroeconomic events.

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

1 hour ago

Inventory Fell Sharply, Suppliers Actively Held Prices Firm, and Spot Premiums Continued to Rise [SMM South China Spot Copper]

1 hour ago

Sluggish Market Transactions, Spot Premiums Stabilized [SMM North China Spot Copper]

Spot #1 copper cathode in North China was quoted at a discount of 100 yuan/mt to a discount of 40 yuan/mt against the front-month contract today. The average price remained unchanged from the previous trading day, and the average transaction price fell by 10 yuan/mt from the previous trading day to 95,345 yuan/mt.

1 hour ago

Demand Outside China Supported Stronger Exports, and Copper Cathode Rod Increased MoM, January-February

1 hour ago