SHANGHAI, May 16 (SMM) –SHFE 1709 tin moved mainly between RMB 140,800-141,600/mrt during Monday’s night session, and ended at RMB 141,340/mt.
On Tuesday, SHFE 1709 tin fell to RMB 140,230/mt after opening at RMB 141,160/mt, but then returned to near the opening price. The most active contract ended the day down RMB 120/mt or 0.09% at RMB 141,000/mt. Trading volumes were up 1,204 lots to 18,322 lots, and positions were up 366 to 14,314. China’s economic slowdown triggered market concerns, sending base metals prices down. SHFE 1709 tin will head to RMB 137,000/mt if it loses support at RMB 140,000/mt.