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SHFE Tin Prices down 1.23% (2017-2-3)
Feb 3, 2017 18:04Source:SMM
SFHE 1705 tin started at RMB 146,010/mt and finally ended at RMB 146,100/mt, down RMB 1,820/mt or 1.23%.
SHANGHAI, Feb. 3 (SMM) – On Friday, SFHE 1705 tin started at RMB 146,010/mt and then advanced to RMB 148,990/mt. The contract later declined with falling ferrous metals. During the afternoon trading, SHFE 1705 tin dived to RMB 146,010/mt and finally ended at RMB 146,100/mt, down RMB 1,820/mt or 1.23%. Positions rose 258 to 11,128 and trading volumes increased 252 to 5,784 lots. SHFE 1705 tin fell below all the moving averages on Friday.
SHFE 1705 tin is expected to remain weak for the foreseeable future.
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