SHANGHAI, Nov. 14 (SMM) – On last Friday’s night trading, SHFE 1701 tin experienced a roller coaster ride, rising to RMB 157,310/mt before falling back to RMB 143,030/mt, and ended at RMB 144,000/mt.
On Monday, SHFE 1701 tin opened at RMB 152,850/mt, rising to nearly RMB 148,000/mt, but then fell back to around RMB 146,500/mt. The most active contract ended down RMB 5,750/mt or 3.78% from previous trading day at RMB 146,410/mt. Trading volumes were up 30,522 lots to 72,138 lots, and positions were down 3,508 lots to 17,042 lots. SHFE 1701 tin should test support at RMB 145,000/mt.