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SHFE 1709 Tin Ends with Big Decline (2017-8-1)
Aug 1, 2017 18:38Source:SMM
On Tuesday, SHFE 1709 tin tumbled to around RMB 148,300/mt shortly after opening at RMB 149,480/mt.
SHANGHAI, Aug. 1 (SMM) – On Tuesday, SHFE 1709 tin tumbled to around RMB 148,300/mt shortly after opening at RMB 149,480/mt. In the afternoon, the contract fell further to RMB 147,210/mt, and finally ended down RMB 2,700/mt or 1.8% at RMB 147,290/mt. Trading volumes decreased 2,968 lots to 17,580 lots, and positions decreased 1,574 lots to 24,076 lots. SHFE 1709 tin will head down further to test support at RMB 146,000/mt.
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