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SHFE Tin Moves Higher (2017-7-11)
Jul 11, 2017 16:31Source:SMM
SHFE 1709 tin opened at RMB 143,980/mt and closed at RMB 144,750/mt, up RMB 1,070/mt or 0.74%.
SHANGHAIM, Jul. 11 (SMM) –SHFE 1709 tin edged up on Monday’s night trading with positions opening by longs at lows.
On Tuesday, SHFE 1709 tin opened at RMB 143,980/mt and then dipped to RMB 143,700/mt. During the afternoon trading, the contract climbed to RMB 144,790/mt and closed at RMB 144,750/mt, up RMB 1,070/mt or 0.74%. Trading volumes reduced 3,308 to 13,310 lots and positions rose 96 to 20,584.
SHFE 1709 tin will challenge RMB 146,000/mt on Tuesday’s night trading. If SHFE 1709 tin cannot break through RMB 146,000/mt, the contract will keep fluctuating at current level.
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