SHANGHAI, May 5 (SMM) –SHFE 1709 tin hit a high of RMB 142,730/mt last night, and ended at RMB 142,150/mt.
On Friday, SHFE 1709 tin opened at RMB 142,000/mt and sank to RMB 140,500/mt on short selling. Finally, the most active contract ended down RMB 1,060/mt or 0.75% at RMB 140,700/mt. Trading volumes were up 1,458 lots to 18,384 lots, and positions were up 586 to 12,798. Commodity market continued slumping. SHFE 1709 tin will head to RMB 137,000/mt if it fails to hold onto the 10-day moving average.