SHANGHAI, Aug. 15 (SMM) – SHFE 1709 tin moved mainly around RMB 144,600/mt during Monday’s night session.
On Tuesday, SHFE 1709 tin opened at RMB 144,530/mt, and hit a high of RMB 145,290/mt in the afternoon. Finally, the most active contract ended down RMB 520/mt or 0.36% at RMB 144,700/mt. Trading volumes decreased 1,814 lots to 10,006 lots, and positions decreased 648 lots to 19,568 lots. SHFE 1709 tin found support at RMB 143,000/mt and should rally slightly in the short term, but will meet resistance at RMB 146,000/mt.