SHFE Tin Ends Up RMB 2,070/mt (2016-5-3)-Shanghai Metals Market

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SHFE Tin Ends Up RMB 2,070/mt (2016-5-3)

Price Review & Forecast 06:16:05PM May 03, 2016 Source:SMM

SHANGHAI, May 3 (SMM) –SHFE 1609 tin became the most active one on Tuesday. China’s official manufacturing PMI fell in April and missed forecast. This soured market sentiment, sending SHFE 1609 tin down. But the most active contract rebounded in the afternoon, and closed up RMB 2,070/mt or 1.88% from previous trading day at RMB 112,400/mt. Trading volumes were down 3,672 lots to 9,112 lots, and positions were up 350 to 9,918.  



 


SHFE Tin Ends Up RMB 2,070/mt (2016-5-3)

Price Review & Forecast 06:16:05PM May 03, 2016 Source:SMM

SHANGHAI, May 3 (SMM) –SHFE 1609 tin became the most active one on Tuesday. China’s official manufacturing PMI fell in April and missed forecast. This soured market sentiment, sending SHFE 1609 tin down. But the most active contract rebounded in the afternoon, and closed up RMB 2,070/mt or 1.88% from previous trading day at RMB 112,400/mt. Trading volumes were down 3,672 lots to 9,112 lots, and positions were up 350 to 9,918.