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

Published: Jun 14, 2016 20:25

Save

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.

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

Related News

52 mins ago

Data: SHFE, DCE market movement (Apr 01)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 01 Apr , 2026

52 mins ago

1 hour ago

Aluminum Prices Fluctuate at Highs, Downstream Buyers Mainly Procure Against Orders [SMM Spot Aluminum Midday Review]

1 hour ago

3 hours ago

Aluminum Alloy 2605 Contract Sees Midday Decline, ADC12 Prices Remain Stable Amid Narrowing Cost Fluctuations

[SMM Aluminum Alloy Daily Review] Futures side, before midday the most-traded aluminum alloy 2605 contract retreated after a rapid rise and then fluctuated downward. After opening, the price rose rapidly to an intraday high of 23,985 yuan/mt, then pulled back under pressure, with the session low falling to 23,535 yuan/mt. As of the midday close, it stood at 23,630 yuan/mt, down 115 yuan from the previous trading day, a decline of 0.48%. Spot side, ADC12 market prices were mainly stable today. As fluctuations in aluminum prices and aluminum scrap prices narrowed, cost support tended to stabilize, and enterprises generally lacked the motivation to adjust prices. Meanwhile, downstream demand showed no obvious improvement, with procurement still mainly driven by rigid demand, and market transa

3 hours ago