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SHFE 1609 Tin Ends Down (2016-6-15)
Jun 15, 2016 19:20Source:SMM
On Tuesday’s night trading, SHFE 1609 tin dropped to RMB 111,020/mt due to profit-taking by longs after opening at RMB 111,640/mt, and ended at RMB 111,300/mt.
SHANGHAI, Jun. 15 (SMM) – On Tuesday’s night trading, SHFE 1609 tin dropped to RMB 111,020/mt due to profit-taking by longs after opening at RMB 111,640/mt, and ended at RMB 111,300/mt.
On Wednesday, more longs exited, causing the contract to extend declines after opening at RMB 111,290/mt. Finally, SHFE 1609 tin closed down RMB 130/mt or 0.12% from previous trading day at RMB 111,760/mt. Trading volumes were down 1,100 lots to 10,592 lots, and positions were up 530 to 12,166. SHFE 1609 tin will test resistance at RMB 112,000/mt.
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