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Home / Metal News / SHFE 1609 Tin Ends with Small Gains (2016-6-14)

SHFE 1609 Tin Ends with Small Gains (2016-6-14)

iconJun 14, 2016 20:25
Source:SMM
On Monday’s night trading, SHFE 1609 tin moved below RMB 112,000/mt for most of the time after opening at RMB 112,000/mt, briefly touching RMB 112,070/mt.

SHANGHAI, Jun. 14 (SMM) – On Monday’s night trading, SHFE 1609 tin moved below RMB 112,000/mt for most of the time after opening at RMB 112,000/mt, briefly touching RMB 112,070/mt. The contract ended the night session at RMB 111,670/mt.   

On Tuesday, SHFE 1609 tin slid to RMB 110,660/mt after opening at RMB 111,280/mt. But prices rebounded in the afternoon on long buying, and finally closed up RMB 320/mt or 0.29% at RMB 111,890/mt. Trading volumes were up 1,628 lots to 11,692 lots, and positions were up 484 to 11,636. SHFE 1609 tin will head for RMB 114,000/mt if it breaks through RMB 112,000/mt, but will face downward pressure it fails to break through the mark.  




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