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.