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SHFE Tin to Keep Ranging (2016-12-27)
Dec 27, 2016 09:34Source:SMM
SHFE 1701 tin will move at RMB 140,000-142,500/mt on Tuesday.
SHANGHAI, Dec. 27 (SMM) - LME market will keep closing on Tuesday for Christmas. SHFE 1701 tin stabilized after dipping sharply with positions closing by shorts on Monday and will move at RMB 140,000-142,500/mt on Tuesday. SHFE 1705 tin became the most actively traded one on Monday.
In China’s domestic market, spot tin wasn’t affected by falling SHFE 1701 tin. Traders hold back sales for higher prices and spot tin should trade at RMB 145,000-147,000/mt on Tuesday.
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