SHFE 1701 Tin Ends with Big Loss (2016-11-2)

Price Review & Forecast 05:56:27PM Nov 02, 2016 Source:SMM

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. 
  
 

SHFE 1701 Tin Ends with Big Loss (2016-11-2)

Price Review & Forecast 05:56:27PM Nov 02, 2016 Source:SMM

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.