Tin: The most liquid SHFE tin May contract climbed above the 60-day moving average to close at the day’s high of 147,980 yuan/mt, up 0.86% on the day. In the physical market, most sellers held their offers firm ahead of the value-added tax cuts. This offered support to prices of futures. The contract is expected to remain robust in the short run, with resistance at 149,000 yuan/mt.
