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

Published: Aug 11, 2016 17:07

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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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