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SHFE 1701 Tin Ends with Big Loss (2016-11-2)
Nov 2, 2016 17:56Source:SMM
On Tuesday’s night trading, SHFE 1701 tin opened at RMB 137,540/mt before climbing to RMB 137,900/mt, and ended at RMB 137,420/mt.
SHANGHAI, Nov. 2 (SMM) – On Tuesday’s night trading, SHFE 1701 tin opened at RMB 137,540/mt before climbing to RMB 137,900/mt, and ended at RMB 137,420/mt.
On Wednesday, SHFE 1701 tin hit a high of RMB 137,980/mt, but fell back to RMB 135,450/mt in the afternoon due to profit taking by longs. The most active contract ended down RMB 1,920/mt from previous trading day at RMB 135,680/mt. Trading volumes were down 6,820 lots to 20,424 lots and positions were down 1,340 to 18,352.
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