SHFE 1709 Tin Ends with Declines (2017-8-22)

Published: Aug 22, 2017 16:57
During Monday’s night session, SHFE 1709 tin moved mainly around RMB 144,900/mt.

SHANGHAI, Aug. 22 (SMM) –During Monday’s night session, SHFE 1709 tin moved mainly around RMB 144,900/mt.  

On Tuesday, SHFE 1709 tin fell to RMB 144,400/mt after opening at RMB 145,020/mt, and fell further to RMB 144,000/mt before lunchtime. In the afternoon, SHFE 1709 tin rallied to around RMB 144,400/mt before ending down RMB 310/mt or 0.21% at RMB 144,510/mt. Most commodities prices in China rose today, but SHFE tin met resistance. SHFE 1709 tin should continue testing resistance at RMB 146,000/mt and support at RMB 143,000/mt later tonight.         

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
SHFE 1709 Tin Ends with Declines (2017-8-22) - Shanghai Metals Market (SMM)