SHFE 1609 Tin Ends Up RMB 360/mt (2016-5-16)

Price Review & Forecast 05:55:00PM May 16, 2016 Source:SMM

SHANGHAI, May 16 (SMM) – On last Friday’s night trading, SHFE 1609 tin rose to RMB 108,000/mt after opening at RMB 107,200/mt, and closed at RMB 108,100/mt. 

On Monday, exit of longs sent SHFE 1609 tin down to RMB 107,230/mt after starting at RMB 107,970/mt. The most active contract then rallied to RMB 108,670/mt, and closed up RMB 360/mt at RMB 107,860/mt. Trading volumes were down 11,758 lots to 22,214 lots, and positions were down 358 to 11,836. SHFE 1609 tin is expected to test support at RMB 106,500/mt.   

SHFE 1605 finished delivery today, with settlement price at 107,300/mt. Positions were 7,980 lots, and delivery volumes were 4,087 mt, with 2,182 mt in Shanghai, 438 mt in Guangdong, and 1,467 mt in Jiangsu. 


  


SHFE 1609 Tin Ends Up RMB 360/mt (2016-5-16)

Price Review & Forecast 05:55:00PM May 16, 2016 Source:SMM

SHANGHAI, May 16 (SMM) – On last Friday’s night trading, SHFE 1609 tin rose to RMB 108,000/mt after opening at RMB 107,200/mt, and closed at RMB 108,100/mt. 

On Monday, exit of longs sent SHFE 1609 tin down to RMB 107,230/mt after starting at RMB 107,970/mt. The most active contract then rallied to RMB 108,670/mt, and closed up RMB 360/mt at RMB 107,860/mt. Trading volumes were down 11,758 lots to 22,214 lots, and positions were down 358 to 11,836. SHFE 1609 tin is expected to test support at RMB 106,500/mt.   

SHFE 1605 finished delivery today, with settlement price at 107,300/mt. Positions were 7,980 lots, and delivery volumes were 4,087 mt, with 2,182 mt in Shanghai, 438 mt in Guangdong, and 1,467 mt in Jiangsu.