SHANGHAI, Nov. 23 (SMM) – On Tuesday’s night trading, SHFE 1701 tin mainly moved between RMB 146,900-148,120/mt, and ended at RMB 147,010/mt.
On Wednesday, SHFE 1701 tin fell to RMB 145,450/mt after opening at RMB 147,800/mt, but then rebounded to RMB 146,900/mt on short covering. The most active contract ended down RMB 480/mt or 0.33% at RMB 146,970/mt. Trading volumes were down 9,474 lots to 21,410 lots and positions were down 132 lots to 15,662 lots. Ferrous metals prices led gains in commodity market. SHFE 1701 tin should rise to RMB 146,000-150,000/mt during today’s night session.