SHFE 1701 Tin Ends with Declines (2016-11-9)-Shanghai Metals Market

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SHFE 1701 Tin Ends with Declines (2016-11-9)

Price Review & Forecast 05:08:17PM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) – On Tuesday’s night trading, SHFE 1701 tin shot up to RMB 154,180/mt and ended at RMB 151,270/mt. 

On Wednesday, SHFE 1701 tin opened at RMB 150,370/mt, and fell to RMB 146,500/mt. But, the most active contract then regained most of lost ground and ended down RMB 350/mt or 0.23% from previous trading day at RMB 149,890/mt. Trading volumes were down 1,738 lots to 59,814 lots, and positions were up 94 lots to 20,036 lots. SHFE 1701 tin should hover around RMB 150,000/mt during the night session.  



 

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SHFE 1701 Tin Ends with Declines (2016-11-9)

Price Review & Forecast 05:08:17PM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) – On Tuesday’s night trading, SHFE 1701 tin shot up to RMB 154,180/mt and ended at RMB 151,270/mt. 

On Wednesday, SHFE 1701 tin opened at RMB 150,370/mt, and fell to RMB 146,500/mt. But, the most active contract then regained most of lost ground and ended down RMB 350/mt or 0.23% from previous trading day at RMB 149,890/mt. Trading volumes were down 1,738 lots to 59,814 lots, and positions were up 94 lots to 20,036 lots. SHFE 1701 tin should hover around RMB 150,000/mt during the night session.