SHFE 1701 Tin Closes Up (2016-9-28)

Sep 28, 2016 17:36

Source:SMM

Overnight, SHFE 1701 tin fell to RMB 126,230/mt after opening at RMB 127,330/mt, and ended at RMB 126,730/mt.

SHANGHAI, Sep. 28 (SMM) – Overnight, SHFE 1701 tin fell to RMB 126,230/mt after opening at RMB 127,330/mt, and ended at RMB 126,730/mt.

On Wednesday, the most active contract jumped to RMB 127,740/mt after opening at RMB 126,700/mt. Finally, the contract ended up RMB 170/mt or 0.13% from previous trading day at RMB 127,500/mt. Trading volumes were down 3,304lots to 12,554 lots and positions were up 776 to 11,712. Investors exit from nonferrous metal market for safety before China’s National Day Holiday on Oct. 1-7 with RMB 420 million fund withdrawn from nonferrous market. SHFE 1701 tin will meet strong resistance at RMB 129,000/mt.

SHFE tin prices

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE 1701 Tin Closes Up (2016-9-28)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 New Energy Industry Chain Expo