SHFE 1709 Tin Closes with Big Declines (2017-6-5)

SHANGHAI, Jun. 5 (SMM) – On last Friday’s night session, SHFE 1709 tin fell back after hitting high and ended at RMB 144,080/mt.

On Monday, SHFE 1709 tin sank to RMB 142,090/mt after opening at RMB 143,190/mt, and then hovered around RMB 142,600/mt. Finally, the most active contract ended the day down RMB 1,000/mt or 0.7% at RMB 142,500/mt. Trading volumes increased 4,200 lots to 15,698 lots, and positions decreased 438 lots to 17,746 lots. SHFE 1709 tin has met strong resistance and will fall further to around RMB 140,000/mt.