SHFE 1609 Tin Closes Down (2016-8-23)-Shanghai Metals Market

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SHFE 1609 Tin Closes Down (2016-8-23)

Price Review & Forecast 04:56:10PM Aug 23, 2016 Source:SMM

SHANGHAI, Aug. 23 (SMM) – On Monday’s night trading, SHFE 1609 tin fell to RMB 121,180/mt after opening at RMB 121,940/mt, and ended at RMB 121,940/mt.  

On Tuesday, the most active contract moved mainly between RMB 121,700-122,000/mt after opening at RMB 121,760/mt. Finally, it ended the day down RMB 90/mt or 0.07% at RMB 121,750/mt. Trading volumes were down 3,702 lots to 5,376 lots, and positions were down 150 to 8,642. SHFE 1609 tin will seek direction, with support at RMB 121,500/mt and resistance at RMB 123,000/mt.   







SHFE 1609 Tin Closes Down (2016-8-23)

Price Review & Forecast 04:56:10PM Aug 23, 2016 Source:SMM

SHANGHAI, Aug. 23 (SMM) – On Monday’s night trading, SHFE 1609 tin fell to RMB 121,180/mt after opening at RMB 121,940/mt, and ended at RMB 121,940/mt.  

On Tuesday, the most active contract moved mainly between RMB 121,700-122,000/mt after opening at RMB 121,760/mt. Finally, it ended the day down RMB 90/mt or 0.07% at RMB 121,750/mt. Trading volumes were down 3,702 lots to 5,376 lots, and positions were down 150 to 8,642. SHFE 1609 tin will seek direction, with support at RMB 121,500/mt and resistance at RMB 123,000/mt.