SHANGHAI, Sept. 10 (SMM) –SHFE 1510 tin moved lower after opening at RMB 102,960/mt on Wednesday, and ended down RMB 630/mt or 0.62% at RMB 100,870/mt. Trading volumes were up 426 lots to 534 lots, and positions were up 80 lots to 574 lots. SHFE 1601 tin rose to RMB 104,010/mt before ending up RMB 80/mt or 0.08% at RMB 102,140/mt. Trading volumes were up 496 lots to 576 lots, and positions were up 32 lots to 406 lots. Resistance is strong for SHFE tin.
In Shanghai spot tin market, trading activity picked up. Rebound of SHFE allowed spot prices to hold stabilize between 100,000-101,000/mt on September 9. Goods from Yunnan Tin Group traded at RMB 100,500-101,000/mt.