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SHFE Tin Closes with Gins (2017-3-29)
Mar 29, 2017 17:49Source:SMM
SHFE 1705 tin opened at RMB 143,800/mt and closed at RMB 143,660/mt, up RMB 1080/mt or 0.76%.
SHANGHAI, Mar. 29 (SMM) – On Tuesday’s night trading, SHFE 1705 tin increased slightly, up to as highs as RMB 144,300/mt, but was still below the moving averages. The contract ended at RMB 144,020.
On Wednesday, SHFE 1705 tin opened at RMB 143,800/mt and fluctuated narrowly at around RMB 143,600/mt. The contract closed at RMB 143,660/mt, up RMB 1080/mt or 0.76%. Trading volumes reduced 4,536 to 12,884 lots and positions dropped 734 to 12,450.
SHFE 1705 tin will keep fluctuating in a short term with resistance at RMB 145,000/mt and support at RMB 140,000/mt.
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