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SHFE Tin Experiences Roller Coaster Ride (2016-3-8)
Mar 8, 2016 17:35Source:SMM
SHFE 1605 tin experienced a roller coaster ride on Tuesday.
SHANGHAI, Mar. 8 (SMM) –SHFE 1605 tin experienced a roller coaster ride on Tuesday. Prices hit a high of RMB 117,600/mt before taking a nosedive to RMB 111,120/mt. The most active contract then recovered some losses as ferrous metals prices rose markedly. SHFE 1605 tin is expected to test resistance at RMB 117,600/mt during today’s night session as market sentiment remains bullish.
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