SHFE Tin Prices down 0.29% (2017-3-30)

Published: Mar 30, 2017 17:10

Save

SHFE 1705 tin declined below the moving average and ended at RMB 143,000/mt, down RMB 410/mt or 0.29%.

SHANGHAI, Mar. 29 (SMM) – SHFE 1705 tin fluctuated on Wednesday’s night trading but met resistance at the 5-day moving average before closing at RMB 143,710/mt.

On Thursday, SHFE 1705 tin declined below the moving average, hurt by positions opening by shorts, down as low as RMB 142,550/mt. The contract ended at RMB 143,000/mt, down RMB 410/mt or 0.29%. Trading volumes reduced 1,106 to 11,778 lots and positions increased 686 to 13,136.

There is a possibility for SHFE 1705 tin to decline again in a short term, and the contract will find support at RMB 140,000/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

5 hours ago

[Lead-Acid Battery Market] NPC Deputy Zhang Tianren Proposes Big Data Monitoring, Stricter Entry Rules

[Lead-Acid Battery Market Update] It was reported that during this year’s Two Sessions, Zhang Tianren, a deputy to the National People’s Congress and Chairman of Tianneng Holding Group, proposed that relevant national ministries and commissions leverage big data to monitor nationwide battery capacity, production, utilization rate, and market demand, and regularly release an overcapacity early-warning index to clearly restrict outdated technologies and inefficient capacity. He also proposed raising market entry thresholds for battery production and recycling, shifting from a “licensing” system to a national ministry “filing” system, further revising the “Standard Conditions for the Battery Industry,” and prohibiting low-level capacity from entering the market.

5 hours ago

9 hours ago

Data: SHFE, DCE market movement (Mar 04)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 04 Mar , 2026

9 hours ago

14 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).

14 hours ago