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.