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SHFE 1709 Tin Ends with Small Gains (2017-7-28)
Jul 28, 2017 19:59Source:SMM
On Friday, SHFE 1709 tin rose to around RMB 150,000/mt after opening at RMB 149,920/mt.
SHANGHAI, Jul. 28 (SMM) –On Friday, SHFE 1709 tin rose to around RMB 150,000/mt after opening at RMB 149,920/mt. Prices fell back to RMB 148,410/mt in the afternoon as some longs exited, and finally ended up RMB 130/mt or 0.09% at RMB 149,080/mt. Trading volumes decreased 8,324 lots to 36,612 lots, and positions decreased 1,922 lots to 25,942 lots. Positive market fundamentals and weak dollar should support further gains in SHFE tin. SHFE 1709 tin is expected to challenge resistance at RMB 152,000/mt and find support at RMB 148,000/mt in the short term.
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