SHFE 1609 Tin Ends with Slim Gains (2016-5-20)

Published: May 20, 2016 17:13

Save

On Thursday’s night trading, SHFE 1609 tin opened at RMB 106,440/mt, and ended at RMB 106,930/mt.

SHANGHAI, May 20 (SMM) – On Thursday’s night trading, SHFE 1609 tin opened at RMB 106,440/mt, and ended at RMB 106,930/mt.

On Friday, short covering allowed SHFE 1609 tin to rise after starting at RMB 107,100/mt, but met resistance at the 5-day moving average. Finally, the most active contract ended up RMB 420/mt or 0.39% from previous trading day at RMB 107,150/mt. Trading volumes were down 7,258 lots to 15,350 lots, and positions were down 382 to 12,250.

Sn price tin prices SHFE tin prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn