SHANGHAI, Jun. 12 (SMM) –SHFE 1709 tin hovered around RMB 142,000/mt during last Friday’s night session.
On Monday, SHFE 1709 tin opened at RMB 141,970/mt, and hit a high of RMB 142,500/mt in the afternoon. Finally, the most active contract ended the day up RMB 570/mt or 0.4% at RMB 142,190/mt. Trading volumes increased 922 lots to 14,584 lots, and positions decreased 300 lots to 18,744 lots. SHFE 1709 tin will challenge resistance at the 10-day moving average.