SHFE Tin Closes with Gains (2017-4-13)

Published: Apr 13, 2017 17:18

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SHFE 1705 tin started at RMB 140,870/mt and closed at RMB 142,360/mt, up RMB 990/mt or 0.7%.

SHANGHAI, Apr. 13 (SMM) – On Wednesday’s night trading, SHFE 1705 tin fluctuated at RMB 140,000-142,000/mt, despite of slump in LME tin, and closed at RMB 141,220/mt.

On Thursday, SHFE 1705 tin started at RMB 140,870/mt and then increased slightly thanks to shorts taking profits. During the afternoon trading, the contract advanced to RMB 143,090/mt but was still below the 5-day moving average. SHFE 1705 tin rolled back at the tail of trading and closed at RMB 142,360/mt, up RMB 990/mt or 0.7%. Trading volumes fell 1,332 to 18,824 lots and positions dropped 528 to 12,282. China will release economic data in Q1 2017 soon. National Development & Reform Commission pointed out that China’s economy remained positive in Q1 2017.

SHFE 1705 tin is expected to stabilize at current level for the foreseeable future.

SHFE tin LEM tin tin prices

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