SHFE Tin Prices down 0.15% (2017-3-24)

Published: Mar 24, 2017 19:21

Save

SHFE 1705 tin opened at RMB 146,380/mt and closed at RMB 146,330/mt, down RMB 220/mt or 0.15%.

SHANGHAI, Mar. 24 (SMM) – On Thursday’s night trading, SHFE 1705 tin rallied from lows, up to as high as RMB 146,860/mt, but was still below the 60-day moving average. The contract closed at RMB 146,520/mt.

On Friday, SHFE 1705 tin opened at RMB 146,380/mt and then fluctuated narrowly at around RMB 146,300/mt. The contract finally closed at RMB 146,330/mt, down RMB 220/mt or 0.15%. Trading volumes increased 340 to 14,316 lots and positions rose 118 to 13,076. Market will pay attention on Trump’s medical reform. US’s Federal Reserve’s Chairwoman Yellen didn’t release any comment on monetary policy.

SHFE 1705 tin will move at RMB 145,000-148,000/mt.

SHFE tin LEM tin tin prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 hours ago

[SMM Tin Express: Apple’s M5-Series Chips Make a Major Debut, New MacBook Pro Computing Power Achieves a Generational Leap]

Apple (AAPL.O) released the latest 14-inch and 16-inch MacBook Pro models featuring the all-new M5 Pro and M5 Max chips, delivering transformative performance gains and artificial intelligence capabilities to the world’s leading professional laptops. With M5 Pro and M5 Max, MacBook Pro features a new CPU with the world’s fastest CPU cores, a next-generation GPU with a neural accelerator built into every core, and higher unified memory bandwidth; its AI performance improved by up to 4 times over the previous generation and by 8 times compared with M1 models. The new MacBook Pro is available in Space Black and Silver, will begin accepting pre-orders tomorrow (March 4), and will officially go on sale on March 11 (Wednesday).

4 hours ago

The Most-Traded SHFE Tin Contract Rebounded After Hitting the Down Limit; Amid Repeated Swings in Macro Sentiment, the Spot Market Mostly Stayed on the Sidelines [SMM Tin Midday Commentary]

[SMM Tin Midday Commentary: The Most-Traded SHFE Tin Contract Rebounded After Hitting the Down Limit; Amid Repeated Swings in Macro Sentiment, the Spot Market Remained Mostly on the Sidelines]

4 hours ago

7 hours ago

The Most-Traded SHFE Tin Contract Continued Its Downtrend in the Night Session After Hitting the Down-Limit in the Daytime Session, While Downstream Enterprises’ Purchasing Appetite Surged Significantly [SMM Tin Morning News]

[SMM Tin Morning Update: The Most-Traded SHFE Tin Contract Continued Its Downtrend in the Night Session After Hitting the Down-Limit in the Daytime Session, While Downstream Enterprises’ Purchasing Appetite Surged Significantly]

7 hours ago