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SHFE Tin Ends with Big Loss (2016-3-30)
Mar 30, 2016 17:36Source:SMM
Short selling sent SHFE 1605 tin down to RMB 105,060/mt on Wednesday.
SHANGHAI, Mar. 30 (SMM) – Short selling sent SHFE 1605 tin down to RMB 105,060/mt on Wednesday. Dip-buying was reported after prices fell to around RMB 105,060/mt, allowing the most active contract to recover some losses and end at RMB 105,090/mt. Trading volumes were up 26,580 lots to 67,674 lots, and positions were up 2,084 to 18,888. SHFE 1605 tin should test support at RMB 103,000/mt.
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