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

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

Price Review & Forecast 05:13:25PM May 20, 2016 Source:SMM

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. 


   



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

Price Review & Forecast 05:13:25PM May 20, 2016 Source:SMM

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.