SHFE 1709 Tin Ends with Small Gains (2017-6-9)

SHANGHAI, Jun. 9 (SMM) –On Friday, SHFE 1709 tin opened at RMB 141,530/mt, hovering narrowly in the morning and rising slightly in the afternoon. The most active contract touched an intraday high at the tail of the day, and ended the day up RMB 410/mt or 0.29% at RMB 142,040/mt. Trading volumes decreased 3,692 lots to 13,662 lots, and positions decreased 410 lots to 19,044 lots. China’s foreign trade beat forecast, allowing base metals prices to rise across the board. But, gains of SHFE tin were curbed by tumbling LME tin. SHFE 1709 tin should move mainly at RMB 140,000-142,500/mt during today’s night session.