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.