Metals News
SHFE Tin Ends Up RMB 890/mt (Aug. 28, 2015)
price review forecast
Aug 28,2015

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.    

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