SHFE 1709 Tin Ends with Gains (2017-7-25)

SHANGHAI, Jul. 25 (SMM) – On Monday’s night session, SHFE 1709 tin inched down and ended at RMB 146,290/mt. 

On Tuesday, SHFE 1709 tin opened at RMB 146,430/mt, and hit an intraday high of RMB 147,280/mt shortly before the closing time. Finally, the most active contract ended up RMB 620/mt or 0.42% at RMB 147,050/mt. Trading volumes decreased 3,940 lots to 13,634 lots, and positions increased 424 lots to 23,532 lots. SHFE 1709 tin should challenge resistance at RMB 148,000/mt in the short term.