SHFE Tin Closes with Losses (2016-12-8)-Shanghai Metals Market

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SHFE Tin Closes with Losses (2016-12-8)

Price Review & Forecast 05:56:28PM Dec 08, 2016 Source:SMM

SHANGHAI, Dec. 8 (SMM) –SHFE 1701 tin broke through a 12-month resistance at RMB 145,500/mt at the tail of Wednesday’s trading. On Wednesday’s night trading, SHFE 1701 tin opened higher and then advanced to RMB 147,980/mt. The contract later plumped to RMB 145,000/mt with longs taking profits and rallied at the tail of trading before closing at RMB 145,860/mt.

On Thursday, SHFE 1701 tin climbed to RMB 147,360/mt after opening and then dived to RMB 143,990/mt. The contract later rallied to the moving average and dropped again before moving weakly.

SHFE 1701 tin will range between RMB 143,500-146,500/mt on Thursday’s night trading.

Key Words:  SHFE tin  LEM tin  tin prices 

SHFE Tin Closes with Losses (2016-12-8)

Price Review & Forecast 05:56:28PM Dec 08, 2016 Source:SMM

SHANGHAI, Dec. 8 (SMM) –SHFE 1701 tin broke through a 12-month resistance at RMB 145,500/mt at the tail of Wednesday’s trading. On Wednesday’s night trading, SHFE 1701 tin opened higher and then advanced to RMB 147,980/mt. The contract later plumped to RMB 145,000/mt with longs taking profits and rallied at the tail of trading before closing at RMB 145,860/mt.

On Thursday, SHFE 1701 tin climbed to RMB 147,360/mt after opening and then dived to RMB 143,990/mt. The contract later rallied to the moving average and dropped again before moving weakly.

SHFE 1701 tin will range between RMB 143,500-146,500/mt on Thursday’s night trading.

Key Words:  SHFE tin  LEM tin  tin prices