SHFE Tin Ends with Gains (2016-12-2)

SHANGHAI, Dec. 2 (SMM) – On Thursday’s night trading, SHFE 1701 tin rallied after declining and then stabilized. The contract finally ended at RMB 144,760/mt.

On Friday, SHFE 1701 tin started at RMB 144,710/mt and then climbed to RMB 145,800/mt but later dropped to RMB 143,620/mt. During the afternoon trading, SHFE 1701 tin kept falling to RMB 142,200/mt and regained previous gains to RMB 144,160/mt at the tail of trading. The contract finally closed at RMB 143,900/mt, up RMB 210/mt or 0.15%. Positions fell 438 to 13,806 and trading volumes dropped 9,552 to 18,074 lots.

SHFE 1701 tin will fluctuate at around current price on Friday’s night trading with resistance at RMB 146,000/mt and support at RMB 142,700/mt.