SHFE 1701 Tin Trades in Narrow Range (2016-11-16)

Price Review & Forecast 06:08:36PM Nov 16, 2016 Source:SMM

SHANGHAI, Nov. 16 (SMM) – On Tuesday’s night trading, SHFE 1701 tin opened at RMB 143,680/mt, down to RMB 142,660/mt before rebounding to RMB 144,700/mt. Finally, it ended at RMB 145,500/mt.  

On Wednesday, SHFE 1701 tin traded in a narrow range of RMB 144,000-146,000/mt. Trading volumes were down 23,024 lots to 25,136 lots and positions were up 304 lots to 16,684 lots. The most active contract will challenge resistance at RMB 147,500/mt during the night session. 

 
 

SHFE 1701 Tin Trades in Narrow Range (2016-11-16)

Price Review & Forecast 06:08:36PM Nov 16, 2016 Source:SMM

SHANGHAI, Nov. 16 (SMM) – On Tuesday’s night trading, SHFE 1701 tin opened at RMB 143,680/mt, down to RMB 142,660/mt before rebounding to RMB 144,700/mt. Finally, it ended at RMB 145,500/mt.  

On Wednesday, SHFE 1701 tin traded in a narrow range of RMB 144,000-146,000/mt. Trading volumes were down 23,024 lots to 25,136 lots and positions were up 304 lots to 16,684 lots. The most active contract will challenge resistance at RMB 147,500/mt during the night session.