SHANGHAI, Aug. 24 (SMM) – SHFE 1709 tin rallied slightly on Wednesday’s night trading, up to as high as RMB 144,000/mt.
On Thursday, the contract opened at RMB 143,700/mt and then dropped to RMB 143,250/mt after rising. During the afternoon trading, SHFE 1709 tin rebounded slightly with shorts closing positions and closed at RMB 143,660/mt, up RMB 890/mt or 0.62%. Trading volumes were down 5,902 to 10,404 lots and positions reduced 1,506 to 13,902.
SHFE 1709 tin will fluctuate at current level in a short term.
![Rate Hike Lands as Expected; SHFE Tin Returns to 400,000 Yuan Mark [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/CwQfz20251217171750.jpeg)

![SHFE tin closed at 398,430 on September 16, up 0.99%, stopping its decline and rebounding. Bulls reduced positions, with the 410,000 level yet to be confirmed [SMM Tin Morning News]](https://imgqn.smm.cn/usercenter/UUeWS20251217171751.jpg)
