SHEF Tin Prices down 2.55% (2017-3-27)

Mar 27, 2017 19:20

SHFE 1705 tin opened at RMB 144,320/mt and closed at RMB 142,470/mt, down RMB 3,730/mt or 2.55%.

SHANGHAI, Mar. 27 (SMM) – On last Friday’s night trading, SHFE 1705 tin declined below RMB 145,000/mt with falling LME tin and closed at RMB 144,470/mt.
On Monday, SHFE 1705 tin opened at RMB 144,320/mt and then dived to RMB 143,000/mt. The contract later fluctuated at lows, down as low as RMB 142,120/mt, and closed at RMB 142,470/mt, down RMB 3,730/mt or 2.55%. Trading volumes increased 4,684 to 19,000 lots and positions rose 770 to 13,846. Stricter real estate regulations and tight liquidity raised market worries. Commodities declined across the board.
SHFE 1705 tin will meet downward pressure in a short term but will find support at 140,000/mt.

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SHEF Tin Prices down 2.55% (2017-3-27)

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