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.