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Home / Metal News / SHFE 1609 Tin Ends with Losses (2016-8-11)

SHFE 1609 Tin Ends with Losses (2016-8-11)

Aug 11, 2016 17:07

Source:SMM

On Wednesday’s night trading, SHFE 1609 tin rose to RMB 125,950/mt after opening at RMB 125,000/mt.

SHANGHAI, Aug. 11 (SMM) – On Wednesday’s night trading, SHFE 1609 tin rose to RMB 125,950/mt after opening at RMB 125,000/mt. But the price later fell back due to profit-taking by longs and ended at RMB 124,640/mt.

On Thursday, the most active contract started at RMB 124,600/mt and ended at RMB 123,620/mt, falling RMB 1,030/mt or 0.83%. Trading volumes were up 1,568 lots to 20,646 lots, and positions were down 730 to 14,460. SHFE 1609 tin will hover between RMB 122,500-126,000/mt in the near run.

SHFE tin prices

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LME tin will remain weak and will test support at USD 19,000/mt on Monday

Sep 19, 2016 09:37

SMM Comments

LME Tin to Drift Lower (2016-9-12)

LME tin will hover around the 10-day moving average today with support from worries about market supply.

Sep 12, 2016 09:20

SMM Comments

40% Chinese Tin Smelters Expect Tin Prices to Rise further This Week, SMM Survey

SMM’s survey of major Chinese tin smelters over their opinions on this week’s price outlook shows the following results.

Sep 6, 2016 09:59

SMM Comments

SHFE 1609 Tin Ends with Small Gains (2016-8-12)

On Thursday’s night trading, SHFE 1609 tin opened at RMB 123,180/mt, and ended at RMB 123,720/mt.

Aug 12, 2016 19:11

SMM Comments

SHFE Tin Poised for More Gains (2016-8-10)

SHFE 1609 tin rose during Tuesday’s night trading due to long buying, and will rise further to RMB 123,000-125,500/mt today.

Aug 10, 2016 09:33

SMM Comments

SHFE Tin to Stay Weak (2016-6-23)

Caution will prevail before result of UK referendum. LME tin will consolidate at USD 17,000-17,150/mt today.

Jun 23, 2016 09:36

SMM Comments

SHFE 1609 Tin Ends Down (2016-6-15)

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.

Jun 15, 2016 19:20

SMM Comments

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

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.

Jun 14, 2016 20:25

SMM Comments

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

On Thursday’s night trading, SHFE 1609 tin opened at RMB 106,440/mt, and ended at RMB 106,930/mt.

May 20, 2016 17:13

SMM Comments

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SHFE 1609 Tin Ends with Losses (2016-8-11)

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