SHFE 1709 Tin Ends with Big Decline (2017-7-21)

SHANGHAI, Jul. 21 (SMM) – On Thursday’s night session, SHFE 1709 tin fell and ended at RMB 145,750/mt. 

On Friday, SHFE 1709 tin fell to RMB 145,500/mt after opening at RMB 145,870/mt. The most active contract hovered narrowly around RMB RMB 145,500/mt most of the day, and finally ended down RMB 1,310/mt or 0.89% at RMB 145,500/mt. Trading volumes increased 1,446 lots to 16,600 lots, and positions decreased 2,146 lots to 22,394 lots. SHFE 1709 tin should fall to RMB 143,500/mt if it fails to hold onto RMB 145,500/mt tonight.