SHANGHAI, Apr. 26 (SMM) – On Wednesday, SHFE 1705 tin hovered around RMB 137,600/mt in the morning, hitting a high of RMB 138,660/mt in the afternoon before falling back. The contract ended up RMB 300/mt or 0.22% at RMB 137,610/mt. Trading volumes were down 1,516 lots to 10,396 lots, and positions were down 1,984 to 6,614.
On Wednesday, SHFE 1709 tin touched day’s high at RMB 139,340/mt and day’s low at RMB 137,900/mt. Finally, the contract ended down RMB 60/mt or 0.04% at RMB 138,290/mt. Trading volumes were up 534 lots to 8,722 lots, and positions were up 2,078 to 12,506.
Commodity market fell back in the afternoon, but SHFE tin had little reaction. SHFE 1705 tin should test support at RMB 135,000/mt.