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.