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SHFE Tin Ends Down 2,130/mt as Shorts Flood in (Oct. 28, 2015)
Oct 28, 2015 17:35Source:SMM
SHFE 1601 tin opened at RMB 97,030/mt on Wednesday.
SHANGHAI, Oct. 28 (SMM) –SHFE 1601 tin opened at RMB 97,030/mt on Wednesday. Falling prices in spot market caused the most active contract to dive to RMB 95,640/mt. The contract rallied to RMB 96,050/mt, but then fell back again due to entry of shorts, ending down RMB 2,130/mt or 2.19% at RMB 95,070/mt. Trading volumes were down 576 lots to 2,088 lots, and positions were up 312 lots to 3,134.
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