SHANGHAI, Aug. 28 (SMM) –SHFE 1709 tin fell to a low of RMB 142,240/mt last Friday’s night session, due mainly to exit of longs. Some shorts have rolled positions from SHFE 1709 tin to 1801 contract. SHFE 1709 tin should move mainly within RMB 142,000-144,500/mt.
In Shanghai spot tin market, chances are small for spot prices to fall sharply, due to nearing delivery of SHFE 1709 tin. Mainstream traded prices are expected at RMB 143,000-144,500/mt today.