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SHFE 1709 Tin Experiences Roller Coaster Ride (2017-7-26)
Jul 26, 2017 19:01Source:SMM
On Wednesday, SHFE 1709 tin fell to RMB 147,000/mt after opening at RMB 147,680/mt.
SHANGHAI, Jul. 26 (SMM) –On Wednesday, SHFE 1709 tin fell to RMB 147,000/mt after opening at RMB 147,680/mt. But, prices soared to RMB 148,400/mt in the afternoon before falling back sharply to RMB 146,680/mt as longs took profit. Finally, the most active contract ended up RMB 70/mt or 0.05% at RMB 146,840/mt. Trading volumes increased 10,912 lots to 24,546 lots, and positions decreased 666 lots to 22,866 lots. SHFE 1709 tin should test support at the 5-day moving average tonight.
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