SHFE 1709 Tin Ends with Big Loss (2017-5-8)

SHANGHAI, May 8 (SMM) –SHFE 1709 tin stabilized during last Friday’s night session, and ended at RMB 141,570/mt. 

On Monday, SHFE 1709 tin opened at RMB 141,500/mt and sank to around RMB 140,000/mt on short selling. Finally, the most active contract ended at an intraday low of RMB 139,610/mt, down RMB 2,110/mt or 1.49%. Trading volumes were down 252 lots to 18,132 lots, and positions were up 552 to 13,350. SHFE 1709 tin may fall further to previous low of RMB 137,000/mt.