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SHFE 1709 Tin Stages Strong Comeback (2017-5-25)
May 25, 2017 17:29Source:SMM
SHFE 1709 tin hovered narrowly during Wednesday’s night session.
SHANGHAI, May 25 (SMM) –SHFE 1709 tin hovered narrowly during Wednesday’s night session.
On Thursday, SHFE 1709 tin shot up to RMB 144,900/mt early in the day, and hit a high of RMB 146,000/mt in the afternoon on massive long buying. Finally, the most active contract ended the day up RMB 1,370/mt or 0.95% at RMB 146,000/mt. Trading volumes increased 3,846 lots to 13,866 lots, and positions increased 1,308 lots to 19,228 lots. SHFE 1709 tin should challenge RMB 147,600/mt during today’s night session.
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