SHANGHAI, Apr. 29 (SMM) –SHFE 1605 tin fell for five days in a row, but found support at the 60-day moving average. The contract rebounded to RMB 108,660/mt during Thursday’s night session, and is expected to rise further to RMB 108,500-110,000/mt on Friday.  

Rising crude oil prices will allow LME tin to move at highs of USD 17,000-17,300/mt.

In Shanghai spot tin market, pre-holiday downstream stocking will push mainstream traded prices up to RMB 110,000-111,500/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2016-4-29)