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.