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SHFE 1709 Tin Extends Losses (2017-8-9)
Aug 9,2017 16:48CST
price review forecast
Source:SMM
On Tuesday’s night session, SHFE 1709 tin rallied slightly and ended at RMB 146,980/mt. 

SHANGHAI, Aug. 9 (SMM) – On Tuesday’s night session, SHFE 1709 tin rallied slightly and ended at RMB 146,980/mt. 

On Wednesday, SHFE 1709 tin opened at RMB 147,120/mt, and moved mainly around RMB 147,100/mt. In the afternoon, the most active contract hit a high of RMB 147,560/mt before ending down RMB 90/mt or 0.06% at RMB 147,470/mt. Trading volumes increased 7,642 lots to 23,510 lots, and positions increased 278 lots to 21,148 lots. SHFE 1709 tin will test support at RMB 146,000/mt and resistance at RMB 148,000/mt in the short term.   

 

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