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SHFE 1609 Tin Ends with Big Gains (2016-6-30)
Jun 30, 2016 18:01Source:SMM
On Wednesday’s night trading, SHFE 1609 tin opened at RMB 112,000/mt, and closed at RMB 112,060/mt.
SHANGHAI, Jun. 30 (SMM) – On Wednesday’s night trading, SHFE 1609 tin opened at RMB 112,000/mt, and closed at RMB 112,060/mt.
On Thursday, SHFE 1609 tin started at RMB 112,090/mt. Expectations for interest rate cuts in China pushed the contract up to RMB 113,080/mt. Finally, the most active contract ended up RMB 1,140/mt or 1.02% from previous trading day at RMB 112,770/mt. Trading volumes were down 5,768 lots to 14,328 lots, and positions were up 248 to 12,436. SHFE 1609 tin will challenge resistance at RMB 113,500/mt.
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